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ECB Co . has 1 . 4 million shares outstanding selling at $ 2 1 per share. It plans to repurchase 1 0 1 comma

ECB Co

.

has

1.4

million shares outstanding selling at $

21

per share. It plans to repurchase

101

comma

000

shares at the market price. What will be its market capitalization after the

repurchase? What will be its stock

price?

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