Tangshan Mining Company has released the following information. 
(a) What are Tangshan Mining's current earnings per share?
(b) What is Tangshan Mining's current P/E ratio?
(c) Tangshan Mining wants to use half of its earnings either to pay shareholders dividends or to repurchase shares for inclusion in the firm's employee stock ownership plan. If the firm pays a cash dividend, what will be the dividend per share received by existing shareholders?
(d) Instead of paying the cash dividend, what if the firm uses half of its earnings to pay $55 per share to repurchase the shares, what will be the firm's new EPS? What should be the firm's new share price?
(e) Compare the impact of a stock dividend and stock repurchase on shareholder wealth.
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A professional organization that represents dentists in the United States and promotes dental health.
Medicare and Medicaid
Federal programs that provide health coverage in the United States; Medicare is for people over 65 or with certain disabilities, and Medicaid is for some low-income people, families, and children.
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The process of treating pregnancy as a medical condition that requires constant supervision and intervention by healthcare professionals.
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