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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 14,000 shares of stock outstanding. Cash Market Value Balance
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 14,000 shares of stock outstanding. Cash Market Value Balance Sheet 438,700 $ 53,700 Equity 385,000 $ Fixed assets 438,700 Total $ Total $438,700 Instead of a dividend of $1.30 per share, the company has announced a share repurchase of $18,200 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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