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Simone's Sweets is an all-equity firm that has 6,100 shares of stock outstanding at a market price of $16 per share. The firm's management has

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Simone's Sweets is an all-equity firm that has 6,100 shares of stock outstanding at a market price of $16 per share. The firm's management has decided to issue $48,000 worth of debt at an interest rate of 8 percent. The funds will be used to repurchase shares of the outstanding stock. What are the earnings per share at the break-even EBIT? O $2.60 $3.03 O $273 O $128 $2.52

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