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The balance sheet for Quinn Corporation is shown here in market value terms. There are...

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Finance

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The balance sheet for Quinn Corporation is shown here in market value terms. There are 12,000 shares of stock outstanding. In lieu of a dividend of $1.45, the company has announced it is going to repurchase $17,400 worth of stock. What effect will this transaction have on the equity of the firm? Note: Do not round intermediate calculations. Input the amount as positive value. How many shares will be outstanding after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16. How many shares will be outstanding after the repurchase? Note: 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? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16

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