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The balance sheet for Levy Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Instead of a dividend of

The balance sheet for Levy Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

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Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $17,000 worth of stock.

How many shares will be outstanding after the repurchase?

Share Outstanding ( 2 decimal) = ?????????

Market Value Balance Sheet Cash Fixed assets 480,000 $45,400 Equity 525,400 Total 525,400 Tota 525,400

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