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Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock.
Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase?
Multiple Choice
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$43.59
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$37.83
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$43.41
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$40.71
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$43.23
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