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Business, 27.08.2021 22:40 vlactawhalm29

Wealth and Health Company is financed entirely by common stock that is priced to offer a 15 percent expected return. The common stock price is $40/share. The earnings per share (EPS) is expected to be $6. If the company repurchases 25 percent of the common stock using borrowed funds at a 6% interest rate, what is the expected value of earnings per share after refinancing

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