Assume the same facts as in Example 13 except that on 1 December 2009, a previously declared
Question:
Assume the same facts as in Example 13 except that on 1 December 2009, a previously declared 2 for 1 stock split took effect. Each shareholder of record receives two shares in exchange for each current share that he or she owns. What is the company’s basic EPS?
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For EPS calculation purposes a stock split i...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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