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QUESTION
CAT corporation plans to issue 2000 bonds with a face value of $1000 each and a coupon rate of 9%. The tax rate is 40%. Projected EPS after...
CAT corporation plans to issue 2000 bonds with a face value of $1000 each and a coupon rate of 9%. The tax rate is 40%. Projected EPS after completion of the project is $5.46. What are the projected after tax earnings after completion of the project if there are 200,000 shares outstanding?
