The balance sheet for ferguson corp is shown here in market, Ask an Expert

Finance

The balance sheet for Ferguson 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

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. Round your final 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. Round your final answer to 2 decimal places, e.g., 32.16.)

New stock price $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92363599

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