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The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25,000 shares of stock outstanding. The company has announced
The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25,000 shares of stock outstanding. The company has announced it is going to repurchase $27, 500 worth of stock instead of paying a dividend of $1.10. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Will shareholders' equity by $____ How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New 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.) Share price ____
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