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A firm has earnings per share of $3.77 at a sales level of $3m. If the firm has a degree of operating leverage of 1.9
A firm has earnings per share of $3.77 at a sales level of $3m. If the firm has a degree of operating leverage of 1.9 and a degree of financial leverage of 5 (both at a sales level of $3 million), forecast earnings per share for a 1.2% sales decline. Round your answer to the second decimal. Do not include the $ sign.
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