The balance sheet for Ferguson Corp. is shown here in market value terms. There are...
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The balance sheet for Ferguson Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets 340,000 $44,000Equity 384,000 Total $ 384,000$ 384,000 Total Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $13,600 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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