Question
The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. .Market Value Balance Sheet Cash
The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding.
.Market Value Balance Sheet
Cash $ 44,300 Equity $ 414,300
Fixed assets 370,000
Total 414,300 Total 414,300
Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $8,000 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))
Current stock price $ 82.86 per share
Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
New stock price $ per share
Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.)
Market Value Balance Sheet
Cash $ price here Equity $ price here
Fixed assets 370,000 Total $ price here
Current stock price answer is 82.82
Fixed assetsanswer is 370,000
Help with figuring the rest out pleas
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