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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. $ 525,400 Market Value Balance
The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. $ 525,400 Market Value Balance Sheet Cash $ 45,400 Equity Fixed assets 480,000 Total $ 525,400 Total $ 525,400 Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $17,000 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 C 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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