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The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding. In lieu of a dividend

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The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding. In lieu of a dividend of $1.15, the company has announced it is going to repurchase $21,850 worth of stock. What effect will this transaction have on the equity of the firm? (Do not round intermediate calculations. Input the amount as positive value.) The bolance shect for Tempest, inc. is shown here in market value terms. There are 19.000 shares of stock outstanding In lleu of a dividend of St15, the company has announced it is going to repurchase $21,850 worth of stock. What effect will this transaction have on the equity of the firm? (Do not round intermediate calculations. Input the amount as positive value.) How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number,, .9 .32 \). ) What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.9-. 32.16.)

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