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Magna Corporation has the following securities outstanding 1000000 shares of common stock, 200,000 shares of $2 50 annual dividend preferred stock and $10000000 of 15 percent bonds Calculate

Magna Corporation has the following securities outstanding: 1,000,000 shares of common stock, 200,000 shares of $2.50 (annual dividend) preferred stock, and $10,000,000 of 15 percent bonds. Calculate earnings per share available to common stockholders if Magna earns the following: a. $5,000,000 b. $2,200,000 c. $1,000,000

Jun 16 2020 View more View Less

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