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Quaker State Wings has 215,000 shares outstanding and net income of $875,000. The company stock is currently selling for $86.70 per share. If the company
Quaker State Wings has 215,000 shares outstanding and net income of $875,000. The company stock is currently selling for $86.70 per share. If the company repurchases $613,000 of its stock, what is the earnings per share after the repurchase?
Multiple Choice
$4.07
$4.27
$4.21
$4.33
$4.42
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