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EPS calculations Maitland Enterprises has $70,000 of 10% (annual interest) bonds outstanding, 500 shares of preferred stock paying an annual dividend of $45 per share,
EPS calculations Maitland Enterprises has $70,000 of 10% (annual interest) bonds outstanding, 500 shares of preferred stock paying an annual dividend of $45 per share, and 6,000 shares of common stock outstanding. Maitland Enterprises is taxed at 40%. Calculate the earnings per share (EPS) when EBIT is:
a. $130,000. b. $95,000. c. $73,800.
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
