Question: Please help Three different plans for financing a $15,000,000 corporation are under consideration by its organizers. Under each of the following plans, the securities will
Please help
Three different plans for financing a $15,000,000 corporation are under consideration by its organizers. Under each of the following plans, the securities will be issued at their par or face amount and the income tax rate is estimated at 40% of income. INSTRUCTIONS: Determine for each plan the eamings per share of common stock, assuming that the income before interest and income tax is $2,500,000
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