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Mega Shares Limited has 1 million shares outstanding and earnings of R40 million. The firm decides to use R200 million in cash to repurchase shares

Mega Shares Limited has 1 million shares outstanding and earnings of R40 million. The firm decides to use R200 million in cash to repurchase shares in the open market. These shares are trading at R1000 per share. What will be the Mega Shares earnings per share after the transaction?

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