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A firm has 6,000 common shares outstanding with a total market value of $277,670. Currently, the firm has excess cash of $13,225 and net income
A firm has 6,000 common shares outstanding with a total market value of $277,670. Currently, the firm has excess cash of $13,225 and net income of $22,565. If the firm uses all of its excess cash to repurchase the common shares, what will be the revised EPS after the stock repurchase is complete?
|
| $3.55 |
|
| $3.65 |
|
| $3.75 |
|
| $3.85 |
|
| $3.95 |
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