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ECB Co. has 1.5 million shares outstanding selling at $ 20 per share. It plans to repurchase 103 comma 000 shares at the market price.

ECB Co. has 1.5 million shares outstanding selling at $ 20 per share. It plans to repurchase 103 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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