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The balance sheet for Fourth Corp. is shown here in market value terms. There are...

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Finance

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The balance sheet for Fourth Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet 525,400 Cash $ 45,400 Equity $ Fixed 480,000 assets Total 525,400 Total 525,400 ces Instead of a dividend of $170 per share, the company has announced a share repurchase of $17,000 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) 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.) Total $525,400 Total $525,400 Instead of a dividend of $170 per share, the company has announced a share repurchase of $17,000 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 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.) Shares outstanding New stock price

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