Business, 14.04.2020 23:35 leo4687

Cross Town Cookies is an all-equity firm with a total market value of $770,000. The firm has 46,000 shares of stock outstanding. Management is considering issuing $191,000 of debt at an interest rate of 7 percent and using the proceeds to repurchase shares. Before the debt issue, EBIT will be $69,800. What is the EPS if the debt is issued

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Cross Town Cookies is an all-equity firm with a total market value of $770,000. The firm has 46,000...

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