Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for $79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for $79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

Name: Quaker State Wings has 245,000 shares outstanding and net income of $
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Description: Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for$79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for
$79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

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