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Charles Evans Co. has net income of $450,000, 160,000 shares outstanding, a $45.00 stock price. Instead of paying a dividend, the company plans to use

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Charles Evans Co. has net income of $450,000, 160,000 shares outstanding, a $45.00 stock price. Instead of paying a dividend, the company plans to use $360,000 to repurchase shares in the company. What is the market value after the repurchase? Round to the nearest whole number and no commas Answer: Check

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