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quick plz Q6: LYX has just repurchased 10 million shares at 30 per share. Prior to the repurchase, the firm had 800m cash, total assets

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Q6: LYX has just repurchased 10 million shares at 30 per share. Prior to the repurchase, the firm had 800m cash, total assets of 1,200m, earnings of 150m and 35 million shares outstanding. Assuming the share price remains at 30, what is the new price-to- earnings ratio? a) 5.00 b) 6.00 c) 7.00 d) 4.29

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