What will the price per share be after the repurchase

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Reference no: EM131510792

The Press has total assets of $848,000 and total debt 0f $402,000 on a market value basis. There are 25,000 shares of stock outstanding. The company has announced that it will repurchase $40,000 worth of stock in the open market. What will the price per share be after the repurchase?

A. $36.29, B. $17.84, C. $38.67, D.39.42, E. $39.89

Reference no: EM131510792

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