Question
YOLO Ltd has $1.25 million of debt in its current capital structure at an annual interest rate of 6.69% and 1.7 million ordinary shares on
YOLO Ltd has $1.25 million of debt in its current capital structure at an annual interest rate of 6.69% and 1.7 million ordinary shares on issue with a market value of $15.46 million. The firms tax rate is 30%. If EBIT is expected to be $2.79 million calculate the firms earnings per share (report your answer to two decimal places)?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
