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Rochester, Inc. has 8,274 shares of stock outstanding at a market price of $43 each and earnings per share of $0.52. The firm has decided

Rochester, Inc. has 8,274 shares of stock outstanding at a market price of $43 each and earnings per share of $0.52. The firm has decided to repurchase $63,028 worth of stock. What will the EPS ratio be after the repurchase, all else held constant

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