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XYZ, Inc., has just announced the repurchase of $165,000 of its stock. The company has 47,000 shares outstanding and earnings per shar of $3.45. The

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XYZ, Inc., has just announced the repurchase of $165,000 of its stock. The company has 47,000 shares outstanding and earnings per shar 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 23 37 times O. 2236 times 2134 times 22 87 time

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