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Business, 11.12.2019 20:31 vbucks72

Paradise travels is an all-equity firm that has 6,000 shares of stock outstanding at a market price of $34 a share. the firm's management has decided to issue $40,000 worth of debt and use the funds to repurchase shares of the outstanding stock. the interest rate on the debt will be 7 percent. what are the earnings per share at the break-even level of earnings before interest and taxes? ignore taxes.

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Paradise travels is an all-equity firm that has 6,000 shares of stock outstanding at a market price...
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