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The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,230,000 in the current year. The company is considering the

The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,230,000 in the current year. The company is considering the issuance of 2 million additional shares which can only be issued at $37 per share.

a. Assume the Hamilton Corporation can earn 9.00 percent on the proceeds. Calculate the earnings per share.

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