Does the share price of the stock increase

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A firm with 1,000,000 shares outstanding repurchases 50,000 shares of stock. The stock is trading at its fair market value, $20 per share. Does the EPS of the stock increase, decrease, or remain the same as a result of the repurchase? Does the share price of the stock increase, decrease, or remain the same as a result of the repurchase?

Reference no: EM131930606

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