Question
A company is planning to spend $18,901 for a share repurchase program. The company's current EPS is $1.53 per share. The current share price is
A company is planning to spend $18,901 for a share repurchase program. The company's current EPS is $1.53 per share. The current share price is $61.70 per share, and there are 3,012 common shares currently outstanding. Ignoring taxes, what is the company's P/E ratio immediately after the share repurchase has been completed?
35.3 36.2 37.1 38.0 38.9
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Business Analysis And Valuation Using Financial Statements
Authors: Krishna G Palepu, Paul M Healy
4th Edition
032430286X, 9780324302868
