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8. For its fiscal year-end, Target Inc (TGT) reported net income of $11 million and a weighted average of 3,000,000 common shares outstanding. The
8. For its fiscal year-end, Target Inc (TGT) reported net income of $11 million and a weighted average of 3,000,000 common shares outstanding. The company paid $1,000,000 in preferred dividends and had 100,000 options outstanding with an average exercise price of $20. TGT's market price over the year averaged $30 per share. TGT's diluted EPS is closest to:
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
