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24. SureBet Corporation has total assets with a market value of $15 million: $3 million...

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Finance

24. SureBet Corporation has total assets with a market value of $15 million: $3 million in cash and $12 million in other assets. The market value of its debt is $3 million; of its equity $12 million. There are 1,000,000 shares of SureBet common stock outstanding, each with a market price of $12. If SureBet repurchases shares worth $2.4 million, the resulting number of shares outstanding is ________ , with a price per share of ______

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