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Kermore incorporation provides an in-home medical systems to elderly and earn an income of 5.1 million that it plans to use to repurchase shares as
Kermore incorporation provides an in-home medical systems to elderly and earn an income of 5.1 million that it plans to use to repurchase shares as a firms common stock which is currently selling for $47 a share Kenmore has 10 million shares of stock outstanding a. What fraction of the firm's shares can the firm repurchase for $5.1 million? b. If the share repurchase has no impact on the firm's net income, what will be its earnings per share after the repurchase? a. What fraction of the firm's shares can the firm repurchase for $5.1 million? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. Clear All 1 part remaining
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