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Problems 1. The capital structure of the Staley Company is as follows: During the past year, the company's EBIT was $3,000,000. Assume a tax rate
Problems 1. The capital structure of the Staley Company is as follows: During the past year, the company's EBIT was $3,000,000. Assume a tax rate of 40%. A. What the EPS? ROE? B. What EBIT would the company have to earn to cover dividends of $1.20 per share on common stock
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