Investment

Webster's Grill has 21,000 shares of stock outstanding at a price per share of $37. The company believes the stock is currently under-priced and has decided to repurchase $100,000 worth of shares. After the repurchase, there will be shares outstanding at a market price of per share. It of Select one: O a. 18,297: $34.80 Ob. 17,908; $34.80 c. 18,297; $35.10 d. 17,908; $37.00 e. 18,297; $37.00