. The firm is currently considering whether it should use $600,000 Stock repurchase the following financial data on the Bond Recording Company are available: of its earnings to help pay cash dividends of $1.50 per share or to repurchase stock at $20 per share. a. Approximately how many shares of stock can the firm repurchase at the $20-per-share price, using the funds that would have gone to pay the cash dividend? b. Calculate the EPS after the repurchase. c. If the stock still sells at 9 times earnings, what will the market price be after the repurchase? d. Compare the pre- and post-repurchase earnings per share. e. Compare and contrast the stockholders' positions under the dividend and repurchase alternatives. What are the tax implications under each alternative? a. The number of shares Bond can repurchase is 30,000". (Round Data Table b. The EPS after the repurchase is $ (Round to the nearest cent. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Earnings available for common stockholders Number of shares of common stock outstanding Earnings per share ($800,000 = 400,000) Market price per share Pricelearnings (P/E) ratio ($18+$2) $800,000 400,000 $2 $18 9 Enter your answer in the answer box and then click Check Answell 3 parts remaining Print Done