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Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for $79.92 per share. If the company

Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for $79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

$4.01

$3.93

$3.69

$3.87

$3.81

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