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Jenson Co. is considering the following alternative plans for financing the company: Income tax
is estimated at 40% of income. Determine the earnings per share of common stock under the two
alternative financing plans, assuming income before bond interest and income $1 , 000 , 000 .
Round your answers to two decimal places.

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Jenson Co- is considering the following alternative plans for financin.docx

  • 1. Jenson Co. is considering the following alternative plans for financing the company: Income tax is estimated at 40% of income. Determine the earnings per share of common stock under the two alternative financing plans, assuming income before bond interest and income $1 , 000 , 000 . Round your answers to two decimal places.