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The balance sheet for Quinn Corporation is shown here in market value terms. There are 8 , 0 0 0 shares of stock outstanding. Instead

The balance sheet for Quinn Corporation is shown here in market value terms. There are
8,000 shares of stock outstanding.
Instead of a dividend of $1.90 per share, the company has announced a share
repurchase of $15,200 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.)
a. Shares outstanding
b. New stock price
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