The Press has total assets of $848,000 and total debt of $402,000 on a market value basis.There are 25,000 shares of stock outstanding.The company has announced it is going to repurchase $40,000 worth of stock in the open market.What will be the price per share after the repurchase?
A)$36.29
B)$17.84
C)$38.67
D)$39.42
E)$39.89

Question

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The Answer of The Press has total assets of $848,000 and total debt of $402,000 on a market value basis.There are 25,000 shares of stock outstanding.The company has announced it is going to repurchase $40,000 worth of stock in the open market.What will be the price per share after the repurchase?
A)$36.29
B)$17.84
C)$38.67
D)$39.42
E)$39.89

The Press Has Total Assets of $848,000 and Total Debt