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The market value balance sheet for Onyediri, Inc., reflects cash of $480,000, fixed assets of $450,000, and equity of $930,000. There are 11.000 shares of

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The market value balance sheet for Onyediri, Inc., reflects cash of $480,000, fixed assets of $450,000, and equity of $930,000. There are 11.000 shares of stock outstanding with a par value of $1 per share. The company has announced that it is going to repurchase 1,000 shares of stock. What will the price of the stock be after this repurchase

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