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At December 31, 2012 and 2013, Funk & Noble Corporation had outstanding 1,000 million shares of common stock and 13 million shares of 4%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2012 or 2013. Net income for 2013 was $1,652 million. The income tax rate is 40%.
Calculate earnings per share for the year ended December 31, 2013.
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What required rate of return for this stock would result in a price per share of $28? If McCracken had both earnings and growth and dividened at a rate of 10% what required r
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Interest computed on the average accumulated expenditures for the warehouse construction was $50,000. What amount of interest should Liddy expense for the year?
On January 1, 2014, Plate Company purchased a 90% interest in the common stock of Set Company for $650,000, an amount $20,000 in excess of the book value of equity acquired
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