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The balance sheet for Quinn Corporation is shown here in market value terms. There are...

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The balance sheet for Quinn Corporation is shown here in market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 49,300 Equity $ 404,300 Fixed assets 355,000 Total $ 404,300 Total $ 404,300 Instead of a dividend of $1.45 per share, the company has announced a share repurchase of $17,400 worth of stock. a. 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.) b. 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.) a. Shares outstanding b. New stock price

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