You own $5,000 shares of stock that currently sells for $30 a share. There are 2 million shares outstanding. The firm has announced that it plans to devote $10,000,000 to a share repurchase. Assume you do not participate in the repurchase and calculate the total value of your investment and your percentage of ownership both before and after the repurchase. After the repurchase you will own less of the company than you do now.