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The balance sheet for Quinn Corporation is shown here in market value terms. There are 5,000 shares of stock outstanding. Instead of a dividend of

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The balance sheet for Quinn Corporation is shown here in market value terms. There are 5,000 shares of stock outstanding. Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $8,500 worth of stock. a. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.9.4 32.16.) b. 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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