The balance sheet for Sinking Ship Corp. is shown here in market value terms. There...
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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet 525,400 $45,400 $ Cash Equity 480,000 Fixed assets .525,400 525,400 Total Total $ Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $17,000 worth of stock. a. 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.) b. 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.) Shares outstanding a. New stock price b
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