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Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase? a. $43.59 b. $37.83 c. $43.41 d. $40.71 e. $43.23

Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase? a. $43.59 b. $37.83 c. $43.41 d. $40.71 e. $43.23

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase? a. $43.59 b. $37.83 c. $43.41 d. $40.71 e. $43.23
Transcribed Image Text:Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase? a. $43.59 b. $37.83 c. $43.41 d. $40.71 e. $43.23
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