CFA-Level-I Exam Dumps | A firm has EBIT of $15 million, interest expense of $5 million, and faces a tax rate of 40 percent. There

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Question 44/525

A firm has EBIT of $15 million, interest expense of $5 million, and faces a tax rate of 40 percent. There are 12 million shares outstanding. The change in EPS resulting from a 20% decrease in EBIT would be closest to:

A. a 30% decrease.

B. a 40% decrease.

C. a 50% decrease.

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II). decreas...; Question 448: The law of demand is simply a reflection of...; Question 449: The difference between economic profit and accounting profit...; Question 450: Is it possible that a project has a payback period of one ye...; Question 451: According to the code of ethics, members of CFA Institute sh...; Question 452: When individuals evaluate their portfolios they should evalu...; Question 453: Which of the following statements is not true of forward con...; Question 454: A major disadvantage of relying solely on the comparative sa...; Question 455: When a deferred tax liability reverses, it leads to...; Question 456: In accounting for a lease transaction classified as a capita...; Question 457: Lower of cost or market rule can be applied directly to:...; Question 458: What is the best way to avoid data-snooping bias?...; Question 459: Which of the following is NOT a reason for sampling the popu...; Question 460: Which of the following bonds is likely to command the HIGHES...; Question 461: A beginning amount of $75,000 is invested in a money market ...; Question 462: According to SAS 99, which of the following is least likely ...; Question 463: An analyst has gathered the following information about a co...; Question 464: Which of the following is most appropriate? 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