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$CAH's effective tax rate rose to 38.4% in FY15 from 35.3% in FY14. The tax rate was impacted by state and local income tax rate, which rose 1.9 points due to de-recognition of certain state tax benefits. The foreign tax rate differential also rose 1.2 points primarily due to recognition of deferred tax benefits from new tax legislation.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.