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Leverage question 0.5 AB Limited provides you with following figures: (CA 1991 May) Profit (earnings before interest and taxes) Less: Interest on debentures @ 12%

Leverage question

0.5 AB Limited provides you with following figures: (CA 1991 May) Profit (earnings before interest and taxes) Less: Interest on debentures @ 12% 3,00,000 Profit after tax 60,000 2,40,000 1,20,000 Income tax @ 50% 1,20,000 Number of equity shares (

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