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The balance sheet for Fourth Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet: Cash
The balance sheet for Fourth Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet: |
Cash | $44,200 | Equity | $404,200 |
Fixed Assets | 360,000 | ||
Total | $404,200 | Total | $404,200 |
Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $19,000 worth of stock. |
How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your 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 answer to 2 decimal places, e.g., 32.16.) |
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