The balance sheet for Chevelle Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. C

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The Balance Sheet For Chevelle Corp Is Shown Here In Market Value Terms There Are 8 000 Shares Of Stock Outstanding C 1 (86.23 KiB) Viewed 15 times

The balance sheet for Chevelle Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $44,000 Equity $ 340,000 384,000 Total 384,000 384,000 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 and 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 and round your final answer to 2 decimal places. (e.g., 32.16)) New stock price $