Question
Rochester, Inc. has 8,800 shares of stock outstanding at a market price of $23 each and earnings per share of $3.20. The firm has decided
Rochester, Inc. has 8,800 shares of stock outstanding at a market price of $23 each and earnings per share of $3.20. The firm has decided to repurchase $46,000 worth of stock. What will the EPS be after the repurchase, all else constant?
EPS:
What will the PE ratio be after the repurchase, all else held constant? (Use the full, unrounded value for all inputs)
PE ratio:
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
