CareMore, Inc. provides in- home medical assistance to the elderly and earned net income of $ 5
Question:
a. What fraction of the firm’s shares can the firm repurchase for $ 5 million?
b. If the share repurchase has no impact on the firm’s net income, what will be its earnings per share after the repurchase?
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Related Book For 
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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