K PART 1 OF 4 O Points: 0 of 1 Save Stock repurchase The following data on the Bond Record Company are available: (not included in the $$700,000 earnings listed in the financial data) of its earnings to help per share. The firm is currently considering whether it should use $450,000 pay cash dividends of $1,29 par share or to repurchase stock at $32 a. Approximately how many shares of stock can the firm repurchase at the $32-per-share price, using the funds that would have gone to pay the cash dividend? b. Calculate the EPS after the repurchase c. In a perfect market, what is the stock price after the repurchase and what is the P/E ratio? d. Compare the pre- and post-repurchase earnings per share a. The number of shares Bond Record can repurchase is (Round down to the nearest whole number) Data table (Click on the icon here in order to copy the contents of the data table below. into a spreadsheet) Earnings available for common stockholders Number of shares of common stock outstanding Earnings per share ($700.000-350.000) Market price per share Price/earnings (PE) ratio (532-$2) $700,000 350,000 $2 $32 16 X Incorrect