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

Finance

The balance sheet for Levy Corp. is shown here in market value terms.

There are 10,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $ 45,400

Fixed assets 480,000

Total $ 525,400

Instead of a dividend of $1.70 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.)

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 $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92739310

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