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Posted on Jul 13, 2024

Suppose Bellwood Corp. has 37,000 shares outstanding. The price of the company's stock is $63.25 per share. Bellwood Corp.'s EPS is $3.25. Total assets is

Suppose Bellwood Corp. has 37,000 shares outstanding. The price of the company's stock is $63.25 per share. Bellwood Corp.'s EPS is $3.25. Total assets is $330,000 and total liabilities is $191,000. Just now, Bellwood Corp. announced a share repurchase for $85,000 of the firm's stock. What is the EPS after the shares are repurchased?

a. 3.43

b. $3.49

c. $3.37

d. $3.25

e. $3.16

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