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Business, 19.06.2020 17:57 duplessistoccara

Simone's Sweets is an all-equity firm that has 10,600 shares of stock outstanding at a market price of $23 per share. The firm's management has decided to issue $108,000 worth of debt at an interest rate of 7 percent. The funds will be used to repurchase shares of the outstanding stock. What are the earnings per share at the break-even EBIT

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Simone's Sweets is an all-equity firm that has 10,600 shares of stock outstanding at a market price...
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