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Business, 08.04.2020 01:36 novesparks

The market value balance sheet for Cherry Pie Corp. reflects cash of $31,020, fixed assets of $539,750, and equity of $286,800. There are 6,000 shares of stock outstanding with a par value of $1 per share. The company has announced that it is going to repurchase $20,000 worth of stock. What will the price of the stock be after this repurchase?

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The market value balance sheet for Cherry Pie Corp. reflects cash of $31,020, fixed assets of $539,7...
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