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A firm has $300,000 in cash, $1,100,000 in other assets and $0 in debt. Its net income for the year is $100,000 and its current

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A firm has $300,000 in cash, $1,100,000 in other assets and $0 in debt. Its net income for the year is $100,000 and its current shares outstanding is 250,000. A firm wants to return $150,000 to shareholders. What is the firm's earnings per share if management decides to repurchase stock

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