The National Post article titled "The American Disease" argues that "The allure of buybacks is that they can boost stock prices by reducing the number of company shares in circulation and increasing earnings per share." The article writer assumes that stock market prices are determined using the P/E valuation model. What is the logical extension of this reasoning? For example, what would the stock price be if a company bought back almost all of its shares? O 1) Bankruptcy ($0) 2) The same as the pre-repurchase price 3) It would converge to the constant growth dividend-discount model price: EPS/(k-g) 4) It would converge to the level perpetuity price of EPS/k. 5) infinity