The press has total assets of 848000 and total debt 0f, Finance Basics

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The press has total assets of 848000 and total debt 0f

Question: The Press has total assets of $848,000 and total debt 0f $402,000 on a market value basis. There are 25,000 shares of stock outstanding. The company has announced that it will repurchase $40,000 worth of stock in the open market. What will the price per share be after the repurchase?

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Finance Basics: The press has total assets of 848000 and total debt 0f

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Finance Basics: The press has total assets of 848000 and total debt 0f

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