Dock Side Loaders has 12,500 shares of stock outstanding at a market price of $51 each and earnings per share of $2.24.The firm has decided to repurchase $62,475 worth of stock.What will the PE ratio be after the repurchase,all else held constant?
A)21.08
B)22.77
C)19.03
D)20.22
E)20.54

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The Answer of Dock Side Loaders has 12,500 shares of stock outstanding at a market price of $51 each and earnings per share of $2.24.The firm has decided to repurchase $62,475 worth of stock.What will the PE ratio be after the repurchase,all else held constant?
A)21.08
B)22.77
C)19.03
D)20.22
E)20.54

Dock Side Loaders Has 12,500 Shares of Stock Outstanding at a Market