how many stockholders would remain, and what would be the value of their shares

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A firm has 500 stockholders, each of whom own $100 in shares. If the firm uses $10000 to repurchase shares, how many stockholders would remain, and what would be the value of their shares?                  
Group of answer choices
400 shareholders with shares worth $100
400 shareholders with shares worth $120
500 shareholders with shares worth $80                                                 
                                                                                   
400 shareholders with shares worth $80
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