Three different plans for financing a 10000000, Accounting Basics

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Three different plans for financing a 10000000

Three different plans for financing a 10,000,000 corporation are under consideration by organizers, under each plans the securities will be issued at their par face amount and the income tax rate is estimated at 40% of income. Determine for each plan the earning per share of the common stock assuming that the income before bond interest and tax is 2000000

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Accounting Basics: Three different plans for financing a 10000000

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