The balance sheet for Fourth Corp. is shown here in market value terms. There are...
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The balance sheet for Fourth Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Instead of a dividend of \\( \\$ 1.60 \\) per share, the company has announced a share repurchase of \\( \\$ 16,000 \\) 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.) 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.)
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The balance sheet for Fourth Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Instead of a dividend of \\( \\$ 1.60 \\) per share, the company has announced a share repurchase of \\( \\$ 16,000 \\) 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.) 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.) 