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Swiss Bank, Inc. is an all-equity firm that currently has 25 million shares outstanding. The firm expects to report net income of $70.5 million to

Swiss Bank, Inc. is an all-equity firm that currently has 25 million shares outstanding. The firm expects to report net income of $70.5 million to its shareholders in a month. Before reporting its net income, the firm is considering repurchasing 1.5 million shares of equity. What Earnings per Share (EPS) will the firm report to its shareholders if it decides to complete the repurchase?

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