Question
IronWood Boats has 1.5 million shares outstanding, a market price of $35.79 per share, and net income of $2,254,700. Management plans to repurchase 250,000 shares
IronWood Boats has 1.5 million shares outstanding, a market price of $35.79 per share, and net income of $2,254,700. Management plans to repurchase 250,000 shares in the near future. Once the buyback has been completed, the EPS for IronWood will be closest to:
| A. | $1.29. | |
| B. | $1.50. | |
| C. | $1.80. |
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Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
