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11. A company had 85,000 shares of common stock outstanding on January 1 and then sold 20,000 additional shares on March 30. Net income for

11.

A company had 85,000 shares of common stock outstanding on January 1 and then sold 20,000 additional shares on March 30. Net income for the year was $460,000. What are earnings per share?

A. $5.41.

B. $4.38.

C. $4.60.

D. $23.00.

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