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ECB Co. has 1.15 million shares outstanding selling at $15 per share. It plans to repurchase 97,000 shares at the market price. What will be

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ECB Co. has 1.15 million shares outstanding selling at $15 per share. It plans to repurchase 97,000 shares at the market price. What will be its market capitalization after the repurchase? What will be its stock price? The market capitalization after the repurchase is $ million. (Round to three decimal places.) The stock price per share will be $ (Round to the nearest dollar.)

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