What will the price per share be after the share repurchase, Financial Management

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What will the price per share be after the share repurchase

Davidson International has 13,700 shares of stock outstanding at a price per share of $28. The firm has decided to repurchase 500 of those shares in the open market. What will the price per share be after the share repurchase is completed? Ignore taxes and market imperfections.

$29.14

$28.84

$28.89

$28.00

$29.06

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