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A company had 1 3 0 , 0 0 0 shares of common stock outstanding on January 1 and sold 3 0 , 0 0

A company had 130,000 shares of common stock outstanding on January 1 and sold 30,000
additional shares on March 30. Net income for the year was $495,625. What are earnings per
share?
a. $3.10
b. $3.25
c. $4.58
d. $4.96

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