QUESTION 12 Sirius Company has a market value equal to its book value. Currently, the...
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QUESTION 12 Sirius Company has a market value equal to its book value. Currently, the firm has excess cash of $21,000 and other assets of $102,000. Equity is worth $84,000. The firm has 2,200 shares of stock outstanding and net income of $9,200. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? $5.27 $6.13 $5.58 $6.35 $6.68
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