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B Corp. has net income of $3,000,000 and 2 million shares outstanding. The company’s stock trades...

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Finance

B Corp. has net income of $3,000,000 and 2 million sharesoutstanding. The company’s stock trades at $32 per share. B Corpplans to repurchase $20,000,000 worth of stock. What is the EPSimmediately following the repurchase? What is the P/E ratio?

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B Corp. has net income of $3,000,000 and 2 million sharesoutstanding. The company’s stock trades at $32 per share. B Corpplans to repurchase $20,000,000 worth of stock. What is the EPSimmediately following the repurchase? What is the P/E ratio?

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