The following information relates to Nasser & Sons Co.

Outstanding number of shares

200,000 shares

Net income

SAR 500,000

Tax rate0

Market Stock price = Repurchase price

SAR 100 per share

Book Stock Value

SAR 105 per share

Suppose Nasser & Sons Co. intends to repurchase50,000shares with the current market price.

2- EPS after the repurchase on the assumption that the company will use its idle cash for this purpose.

(a)$133.33

(b)$130

(c)$3.33