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A firm has a market value equal to its book value. Currently, the firm has excess cash of $900 and other assets of $7100 Equity

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $900 and other assets of $7100 Equity is worth $8,000. The firm has 800 shares of stock outstanding and net income of S770. What will the new eamings per share be if the firm uses its excess cash to complete a stock repurchase? Muitiple Choice O $209 O $96 S127 $108 S101

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