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Sagot :
Answer:
$3.27
Explanation:
Earnings = Earnings per share * Number of stock outstanding
Earnings = $3.15 * 32,000 shares
Earnings = $100,800
Number of shares repurchased = $75,000 / $62.15
Number of shares repurchased = 1206.75784393
Number of shares repurchased = 1,207
Number of stock outstanding = 32,000 - 1,207
Number of stock outstanding = 30,793
Earnings per share after the stock repurchase = Earnings / Number of stock outstanding
Earnings per share after the stock repurchase = $100,800 / 30,793
Earnings per share after the stock repurchase = $3.2734712435
Earnings per share after the stock repurchase = $3.27
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