Phil's Corp. (PC) reported AT Earnings of $15,000,000. PC has 2,150,000 shares outstanding and has excess cash on hand of $5,500,000. PC stock is currently trading at $62 a share.
-PC's EPS prior to any share repurchase would be _________.
A) $7.25
B) $5.56
C) $6.98
D) $6.56
Correct Answer:
Verified
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