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Business, 05.05.2020 04:26 Marcus2935

Startup Pipe has a market value equal to its book value. Currently, the company has excess cash of $14,652, other assets of $152,900, and equity valued at $144,300. There are 6,500 shares of stock outstanding and net income is $18,000. What will the new earnings per share be if the firm decides to use 50 percent of its excess cash to complete a stock repurchase

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