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Rochester, Inc. has 8,818 shares of stock outstanding at a market price of $40 each and earnings per share of $2.72. The firm has decided

Rochester, Inc. has 8,818 shares of stock outstanding at a market price of $40 each and earnings per share of $2.72. The firm has decided to repurchase $57,809 worth of stock. What will the EPS ratio be after the repurchase, all else held constant?

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