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Nelsons Inc. is considering a $120,000 stock repurchase. Currently there are 10,000 shares outstanding at a market price of $30. The P/E ratio is 15.

Nelsons Inc. is considering a $120,000 stock repurchase. Currently there are 10,000 shares outstanding at a market price of $30. The P/E ratio is 15. What is the EPS after the stock repurchase?

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