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11. At the beginning of this year, your firm had 400,000 shares of common stock outstanding. The Firm paid a 10% stock dividend on March
11. At the beginning of this year, your firm had 400,000 shares of common stock outstanding. The Firm paid a 10% stock dividend on March 31 of this year. The firm issued 90,000 new common shares on June 30 of this year and repurchased 12,000 shares on December 1. The number of shares the firm should use in computing its basic EPS at the end of the year is: a) 475,000 b) 476,000 c) 484,000 d) 490,500
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