Calculate the earnings per share after the repurchase

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Reference no: EM131087635

A company makes the decision to repurchase its stock in the marketplace. Given the following information, calculate the earnings per share after the repurchase is complete.

Current market cap = $1,500,000,000

Current shares outstanding = 75,000,000

Current earnings per share = 1.34

Amount of funds used to repurchase stock = $75,000,000

A. 1.60 B. 1.34 C. 1.41 D. 26.80

Reference no: EM131087635

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