Question
IronWood Boats has 1.78 million shares outstanding, a market price of $48.40 per share, and net income of $3,273,776. Management plans to repurchase 128,000 shares
IronWood Boats has 1.78 million shares outstanding, a market price of $48.40 per share, and net income of $3,273,776. Management plans to repurchase 128,000 shares in the near future. Once the buyback has been completed, the EPS for IronWood will be closest to:
| A. | $1.98. | |
| B. | $1.72. | |
| C. | $1.84. |
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
