What will the pe ratio be after the repurchase

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Rochester, Inc. has 7,500 shares of stock outstanding at a market price of $42 each and earnings per share of $1.90. The firm has decided to repurchase $63,000 worth of stock. What will the PE ratio be after the repurchase, all else held constant?

$1.30
$1.44
$1.90
$2.02
$2.38

 

Reference no: EM13263885

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