How many shares will be outstanding after the repurchase

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The balance sheet for Levy Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,900 Equity $ 474,900 Fixed assets 430,000 Total $ 474,900 Total $ 474,900 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $10,800 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.) Shares outstanding 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.) New stock price $

Reference no: EM131535263

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