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The Cincinnati Chili Kitchen has just announced the repurchase of $ 1 6 5 , 0 0 0 of its stock. The company has 4

The Cincinnati Chili Kitchen has just announced the repurchase of $

165, 000

of its stock. The company has

47, 000

shares outstanding and earnings per share of $

3.45 .

The company stock is currently selling for $

77.13

per share. What is the price

-

earnings ratio after the repurchase?

Multiple Choice

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