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The balance sheet for Chevelle Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Instead of a dividend of
The balance sheet for Chevelle Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $9,000 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16))
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