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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 Fixed assets Market
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 14,000 shares of stock outstanding Cash Fixed assets Market Value Balance Sheet $ 53,700 Equity $438, 385,000 Total 438,700 Total $438,700 Instead of a dividend of $130 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.a.. 32.16.) New stock price
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