Multiple Choice
Cycle Out has 1,000,000 shares outstanding and currently has annual earnings per share of $5.20. If Cycle's stock price is $62.40, what would be the expected stock price if Cycle repurchases 50,000 shares?
A) $65.52
B) $65.68
C) $75.72
D) Cannot be determined from the information provided
Correct Answer:
Verified
Correct Answer:
Verified
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