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2020 Net income = $500,000 2020 Preferred Dividends = $25,000 Shares outstanding @ 1/1/2020 = 75,000 Fiscal year-end = 12/31 Analysts are forecasting basic EPS

2020 Net income = $500,000

2020 Preferred Dividends = $25,000

Shares outstanding @ 1/1/2020 = 75,000

Fiscal year-end = 12/31

Analysts are forecasting basic EPS to be $7.36 for 2020. If the company wanted to make basic EPS equal to analysts' forecast by buying back shares of stock, how many shares would they need to have bought back on 10/1/2020?

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