Question
XYZ Chocolate Company has $ 18,000,000 of 4 bonds outstanding along with 900,000 shares of $3.5 % preferred stock and 20,000,000 shares of common stock.
XYZ Chocolate Company has $ 18,000,000 of 4 bonds outstanding along with 900,000 shares of $3.5 % preferred stock and 20,000,000 shares of common stock.
Assuming the firm has a 21% tax rate, compute the earnings per share (EPS) for an EBIT of $6,720,000.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
