M Summer 2023 The balance sheet for Quinn Corporation is shown here in market value terms. There are 6,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $45,200 Equity 460,000 $ 505,200 Total $505,200 a. Shares outstanding b. New stock price $ 505,200 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $9,000 worth of stock. a. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

The balance sheet for Quinn Corporation is shown here in market value terms. There are Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $9,000 worth of stock o. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the price per share be after the repurchase? (Do not round intermediate colculations ond round your answer to 2 decimal places, e.g., 32.16.)