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The balance sheet for Quinn Corporation is shown here in market value terms. There are 5 , 0 0 0 shares of stock outstanding. Market

The balance sheet for Quinn Corporation is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $44,500 Equity Fixed assets390,000 $434,500 Total$434,500Total $434,500 Instead of a dividend of $1.30 per share, the company has announced a share repurchase of $6,500 worth of stock.

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