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Round the answers to nearest cent. Instructions: 1. Determine for each plan the earnings per share of common stock, assuming that the income before bond

image text in transcribed Round the answers to nearest cent. Instructions: 1. Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $1,300,000. 2. Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $845,000. 3. Complete the tables below regarding advantages and disadvantages of each plan. Plan 1

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