What is the earnings per share

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1. Art's Boutique has sales of $610,000 and costs of $480,000. Interest expense is $40,000, dividends paid is $37,000, and depreciation is $60,000. The tax rate is 34 percent and there are 8,500 shares of stock outstanding. What is the earnings per share?

2. An investor initially purchased securities at a price of $9,923,418, with an agreement to sell them back at a price of $10,000,000 at the end of a 60-day period. The repo rate is ____ percent.

3. Williams Corp. 7% bonds mature is 5 years and are priced to yield 4%. These bonds can be called in 2 years at a 5% call premium. Find the intrinsic value of these bonds. Provide answers for both annual and semianual coupon payments.

Reference no: EM131994943

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