The balance sheet for Apple Pie Corp.is shown here in market value terms.There are 5,000 shares of stock outstanding.
Market Value Balance Sheet
The company has announced that it is going to repurchase $4,350 worth of stock.What will the price of the stock be after this repurchase?
A) $35.00
B) $36.19
C) $39.21
D) $42.50
E) $43.33
Correct Answer:
Verified
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