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The market value balance sheet for Rosies Roses reflects cash of $22,000, fixed assets of $209,000, and equity of $231,000. There are 5,000 shares of
The market value balance sheet for Rosies Roses reflects cash of $22,000, fixed assets of $209,000, and equity of $231,000. There are 5,000 shares of stock outstanding with a par value of $1 per share. The company has announced that it is going to repurchase $18,000 worth of stock. What will the price of the stock be after this repurchase? A) $36.60 B) $43.80 C) $50.10 D) $42.60 E) $39.20
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