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Wilson corporation is planning a bond issue to finance a new project. Wilson plans to issue 2000 bonds with a face value of $1000 each

Wilson corporation is planning a bond issue to finance a new project. Wilson plans to issue 2000 bonds with a face value of $1000 each and a coupon rate of 10%. the tax rate is 40%. projected earnings after completion of the project are $2 million and shares outstanding are 200,000. what is the projected rate of earnings per share after completion of the project

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