Question
An analyst gathered the following information about a company whose fiscal year end is December 31: Net income for the year was $10.5 million. Preferred
An analyst gathered the following information about a company whose fiscal yearend is December 31:
Net income for the year was $10.5 million.
Preferred stock dividends of $2 million were paid for the year.
Common stock dividends of $3.5 million were paid for the year.
20 million shares of common stock were outstanding on January 1, 2001.
The company issued 6 million new shares of common stock on April 1, 2001.
The capital structure does not include any potentially dilutive convertible securities,options, warrants, or other contingent securities
The company's basic earnings per share for 2001 wasclosest to....
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