Question: How do you solve number 4 step by step? # 3 MPI has 30 million shares outstanding, paid an annual dividend of $0.40 per share
How do you solve number 4 step by step?
# 3 MPI has 30 million shares outstanding, paid an annual dividend of $0.40 per share to its common stockholders, and has a 40% marginal tax rate. The firm earned revenues of $60 million, had cash operating expenses of $20 million and paid interest expense of $10 million. What is MPI's earnings per share? $0.60
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