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Green Thumb Nursery has 7,500 shares of stock outstanding at a market price of $42 and earnings per share of $1.90. The firm has decided
Green Thumb Nursery has 7,500 shares of stock outstanding at a market price of $42 and earnings per share of $1.90. The firm has decided to repurchase $63,000 of stock. What will the PE ratio be after the repurchase?
a) | 1.28 | |
b) | 1.30 | |
c) | 1.69 | |
d) | 2.02 | |
e) | 2.38 |
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