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1. XYZ Chocolate Company has $ 15,000,000 of outstanding bonds with an annual interest rate of 4%), along with 1,200,000 shares of 3.5% preferred stock

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1. XYZ Chocolate Company has $ 15,000,000 of outstanding bonds with an annual interest rate of 4%), along with 1,200,000 shares of 3.5% preferred stock and 40,000,000 common stocks outstanding. Assuming the firm has a 21% tax rate, compute the earnings per share (EPS) for an EBIT of $16,600,000

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