Beta Industries has net income of $2,000,000, and it has 1,000,000 shares of common stock outstanding. The

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Beta Industries has net income of $2,000,000, and it has 1,000,000 shares of common stock outstanding. The company's stock currently trades at $32 a share. Beta is considering a plan in which it will use available cash to repurchase 20% of its shares in the open market. The repurchase is expected to have no effect on net income or it's stock price. What will be Beta's EPS following the stock repurchase?

Posted Date: May 18, 2024 03:04 PM

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Beta Industries has net income of $2,000,000, and it has 1,000,000 shares of common stock outstanding. The

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