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Pandeva Inc. has a total equity of $175,000 and 5000 shares outstanding. The company has announced that it is going to use cash to repurchase

Pandeva Inc. has a total equity of $175,000 and 5000 shares outstanding. The company has announced that it is going to use cash to repurchase $4,350 worth of stock. What will the price of the stock be after this repurchase?

a. $35.00

b. $36.19

c. $39.21

d. $42.50

e. $43.33

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