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42 XYZ, Inc., has just announced the repurchase of $130,000 of its stock. The company has 40,000 shares outstanding and earnings per share of $3.31.

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42 XYZ, Inc., has just announced the repurchase of $130,000 of its stock. The company has 40,000 shares outstanding and earnings per share of $3.31. The company stock is currently selling for $76.22 per share. What is the price-earnings ratio after the repurchase? Multiple Choice 23.52 times 21.42 times 23.03 times 24.01 times 22.05 times

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