Question
XYZ, Inc., has just announced the repurchase of $200,000 of its stock. The company has 54,000 shares outstanding and earnings per share of $3.59. The
XYZ, Inc., has just announced the repurchase of $200,000 of its stock. The company has 54,000 shares outstanding and earnings per share of $3.59. The company stock is currently selling for $78.04 per share. What is the priceearnings ratio after the repurchase?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
