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What will be its earnings per share after the? repurchase

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?(Stock repurchases and earnings per share?) CareMore, Inc. provides? in-home medical assistance to the elderly and earned net income of $ 5.2 million that it plans to use to repurchase shares of the? firm's common? stock, which is currently selling for $ 50 a share. CareMore has 15 million shares of stock outstanding.

a. What fraction of the? firm's shares can the firm repurchase for $ 5.2 million? ?% (Round to two decimal? places.)

b. If the share repurchase has no impact on the? firm's net? income, what will be its earnings per share after the? repurchase? $ (Round to four decimal? places.)

Reference no: EM131856802

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