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The balance sheet for Quinn Corporation is shown here in market value terms. There are 1 0 , 0 0 0 shares of stock outstanding.

The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares of stock outstanding.
\table[[Market Value Balance Sheet],[Cash,$45,000,Equity,$ 485,000],[Fixed assets,440,000,,],[Total,$ 485,000,Tota,$ 485,000]]
Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $19,000 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.g.,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.)q,
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