The Balance Sheet for Apple Pie Corp

question 95

Multiple Choice

The balance sheet for Apple Pie Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. 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

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