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#3 A firm has EBIT of $963,800.00. Assume that the firm will pay $287,070.00 in interest in the upcoming year. The firm has a
#3 A firm has EBIT of $963,800.00. Assume that the firm will pay $287,070.00 in interest in the upcoming year. The firm has a corporate tax rate of 36.00%. The firm has 149,000.00 common shares outstanding. If the firm pays a 20% dividend, how much is added to retained earnings? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
