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The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. The balance sheet for Rami
The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.
The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. $ 404,200 Market Value Balance Sheet Cash $ 44,200 Equity Fixed assets 360,000 Total $404,200 Total $ 404, 200 Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $19,000 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 $Step by Step Solution
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