Caremore inc earned net income of 52 million that it plans, Ask an Expert

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CareMore Inc. earned net income of 5.2 million that it plans to use to repurchase shares of the firms common stock, which is currently selling for $46 a share. CareMore has 20 million shares of stock outstanding. A) What fraction of the firms shares can the firm repurchase for 5.2 million? Round 2 decimal places. B) If he share repurchase has no impact on the firms net income, what will be its earnings per share after the repurchase? Round 4 decimal places.

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Financial Management, Finance

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