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How martin pretax earnings will be reduced by

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Question 1: Martin Corp. permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 10% discount. During 2011, employees purchased 8 million shares; during this same period, the shares had a market price of $25 per share at the end of the year. Martin's 2011 pretax earnings will be reduced by

Reference no: EM132523398

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