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Quaker State Wings has 220,000 shares outstanding and net income of $880,000. The company stock is currently selling for $85.57 per share. If the company
Quaker State Wings has 220,000 shares outstanding and net income of $880,000. The company stock is currently selling for $85.57 per share. If the company repurchases $614,000 of its stock, what is the earnings per share after the repurchase?
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