If a​ firm's operating and financial leverage are such that a 10 percent change in sales revenue produced a 20 percent change in​ EBIT, and a 10 percent change in EBIT led to a 20 percent change in earnings per​ share, what percentage change in earnings would you expect should revenues decline by 25​ percent? If sales revenues will decline by 25​ percent, what percentage change in earnings would you​ expect?
A. ​+100%
B. ​+50%
C. dash–​50%
D. dash–​100%

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?