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ABC Co has 8,000 shares outstanding selling for $15 each. The net income for the year is $4,500. The company has $3,000 excess cash and
ABC Co has 8,000 shares outstanding selling for $15 each. The net income for the year is $4,500. The company has $3,000 excess cash and plans to repurchase some shares with it. What will be ABC Co's earnings per share be if the firm completes the stock repurchase? Question 7 options: $0.58 $0.68 $1.00 $0.56 $0.49
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Principles Of Banking
Authors: Allyn C Buzzel
11th Edition
089982689X, 9780899826899
