Stock repurchase The following data on the Bond Record Company are available: The firm is currently considering whether it should use $600,000 (not included in the $$800,000 earnings listed in the financial data) of its earnings to help pay cash dividends of $1.50 per share or to repurchase stock at $34 per share. a. Approximately how many shares of stock can the firm repurchase at the $34-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. C Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) $800,000 400,000 Earnings available for common stockholders Number of shares of common stock outstanding Earnings per share ($800,000+400,000) Market price per share $2 $34 Price/earnings (P/E) ratio ($34+$2) 17 Print Done - Xer.)