Calculate EPS if a company, with 1 million shares with a market price of $4 each and
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Question:
Calculate EPS if a company, with 1 million shares with a market price of $4 each and zero debt, decides to buy back 25% of its outstanding shares by borrowing at 10% p.a. Assume current earnings are $0.4 million and taxes do not apply.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
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