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Business, 22.08.2019 17:20 mathk3

Cross town cookies is an all-equity firm with a total market value of $720,000. the firm has 150,000 shares of stock outstanding. management is considering issuing $200,000 of debt at an interest rate of 7 percent and using the proceeds to repurchase shares. the projected earnings before interest and taxes are $58,600. what are the anticipated earnings per share if the debt is issued

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Cross town cookies is an all-equity firm with a total market value of $720,000. the firm has 150,000...
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