Question 17 Not yet answered Marked out of 100 P Flag question DEF Company has 100 shares outstanding and share price of $200. It earns $1,000 per year and has in the past paid out all this as dividends. It now announces that it will use all $1,000 to repurchase its shares instead of paying dividends. Calculate the number of shares outstanding at the end of year 1, after the first share repurchase. Select one: a 90.52 b. 90 c. 95.24 d. 104.76