Stock repurchase The following data on the Bond Record Company are available: . The firm is currently considering whether it should use $400,000 (not included in the $800,000 earnings listed in the financial data) of its earnings to help pay cash dividends of $1.00 per share or to repurchase stock at $16 per share. a. Approximately how many shares of stock can the firm repurchase at the $16-per-share price, using the funds that would have gone to pay the cash dividend? b. Calculate the EPS after the repurchase. c. In a perfect market, what is the stock price after the repurchase and what is the P/E ratio? d. Compare the pre- and post-repurchase earnings per share. a. The number of shares Bond Record can repurchase is . (Round down to the nearest whole number.) Stock repurchase The following data on the Bond Record Company are available: . The firm is currently considering whether it should use $400,000 (not included in the $800,000 earnings listed in the financial data) of its earnings to help pay cash dividends of $1.00 per share or to repurchase stock at $16 per share. a. Approximately how many shares of stock can the firm repurchase at the $16-per-share price, using the funds that would have gone to pay the cash dividend? b. Calculate the EPS after the repurchase. c. In a perfect market, what is the stock price after the repurchase and what is the P/E ratio? d. Compare the pre- and post-repurchase earnings per share. a. The number of shares Bond Record can repurchase is . (Round down to the nearest whole number.)