Question
XYZ Chocolate Company has $ 22 ,000,000 of b onds outstanding (with an annual interest rate of 4.5%) along with 7 00,000 shares of $
XYZ Chocolate Company has $ 22,000,000 of bonds outstanding (with an annual interest rate of 4.5%) along with 700,000 shares of $4.25 % preferred stock and 15,000,000 shares of common stock.
Assuming the firm has a 21% tax rate, compute the earnings per share (EPS) for an EBIT of $4,990,000.
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Financial Accounting
Authors: Bev Vickerstaff, Parminder Johal
1st Edition
1444170414, 978-1444170412
