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The balance sheet for Rami Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. $373,900 Market Value Balance Sheet
The balance sheet for Rami Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. $373,900 Market Value Balance Sheet Cash $ 43,900 Equity Fixed assets 330,000 Total $373,900 Total $373,900 Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $8,000 worth of stock. 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.) Shares outstanding 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.) New stock price
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