Multiple Choice
A firm has a market value equal to its book value,excess cash of $500,other assets of $6,200,and equity of $8,200.The firm has 400 shares of stock outstanding and net income of $680.What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase?
A) $1.44
B) $) 94
C) $) 86
D) $1.81
E) $1.53
Correct Answer:
Verified
Correct Answer:
Verified
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