Question
A company has $1.48 million of debt in its current capital structure at an annual interest rate of 4.06% and 8.7 million ordinary shares on
A company has $1.48 million of debt in its current capital structure at an annual interest rate of 4.06% and 8.7 million ordinary shares on issue with a market value of $15.33 million. The firms tax rate is 30%. If EBIT is expected to be $2.41 million calculate the firms earnings per share (report your answer to two decimal places)?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
