$14$

Quaker State Wings has $290,000$ shares outstanding and net income of $$950,000.$ The company stock is currently selling for $$69\mathrm{.}75$ per share. If the company repurchases $$628,000$ of its stock, what is the earnings per share after the repurchase?

Multiple Choice

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References

$$ $$3\mathrm{.}48$

$$3\mathrm{.}28$

$$3\mathrm{.}43$

$$3\mathrm{.}38$

$$3\mathrm{.}55$