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Use the following information obtained from the company's computerized accounting information system to answer the question(s) below.Note: There were no preferred shares outstanding and no additional shares were issued in 2011. Earnings per share for 2011 equals ________.
Market Interest Rate
The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.
Coupon Rate
The coupon rate represents the yearly interest percentage that is paid out on a bond, depicted as a proportion of its nominal value.
Premium
The amount by which the price of a financial instrument or asset exceeds its face value or principal amount, often related to bonds or insurance products.
Discount
A reduction in the price of a good or service, or in finance, the process of determining the present value of a payment or stream of payments that is to be received in the future.
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