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Suppose Contrail Air, Inc. is going to repurchase $22,800 shares of stock. The market value Balance Sheet is provided below. Repurchase Shares outstanding Dividend per

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Suppose Contrail Air, Inc. is going to repurchase $22,800 shares of stock. The market value Balance Sheet is provided below. Repurchase Shares outstanding Dividend per share $22,800 13,000 $1.30 Market Value Balance Sheet Cash $55,000Equity $465,000 Fixed assets $410,000 Total 465,000 Total $465,000 What will the price per share be after the repurchase? 39.46 35.77 O 22.01 O 32.43

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