The statement of financial position for Knox Corp. is shown here in market value terms....
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The statement of financial position for Knox Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Statement of Financial Position Cash S 45, 300 Equity $ 515, 300 Fixed assets 470,000 Total $ 515, 300 Total $ 515, 300 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. Round the final answer to the nearest whole number.) Shares outstanding 9690 What will the price per share be after the repurchase? (Do not round intermediate calculations. Round the final answer to 3 decimal places. Omit $ sign in your response.) New share price $ 51.527 per share
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