QUESTION $4$

Dividend Policy

AT&T has $1,000$ million shares outstanding selling for $$26\mathrm{.}71$ per share. It plans to repurchase $250$ million shares at the market price. What will its stock price be after the repurchase?

Round your answer to two decimals. Do not use a $ sign.

QUESTION $5$

Dividend Policy

AT&T has $581$ million shares outstanding selling for $$15\mathrm{.}57$ per share. It plans to repurchase $14$ million shares at the market price. What will its market capitalization be after the repurchase?

Enter your answer in millions. Round your answer to zero decimals. Do not use a $ sign.