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Suppose Bank One has earnings before interest and taxes (EBIT) equal to $10 million and interest expenses equal to $8 million. There are 1 million

Suppose Bank One has earnings before interest and taxes (EBIT) equal to $10 million and interest expenses equal to $8 million. There are 1 million shares of common stock outstanding. If Bank Ones EBIT increased by 10%, what would be the percentage change in earnings per share (EPS)?

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