Stock repurchase The following financial data on the Bond Recording Company are available: to help pay cash dividends of SI.80 per share or to repurchase stock at S32 per share. The firm is currently considering whether it should use S450,000 of its earning Approximately how many shares of stock can the firm repurchase at the S32-per-share price, using the funds that would have gone to pay the cash dividend? Calculate the EPS after the repurchase. If the stock still sells at 15 times earnings, what will the market price be after the repurchase? Compare the pre- and post-repurchase earnings per share. Compare and contrast the stockholders' positions under the dividend and repurchase alternatives. What are the tax implications under each alternative