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At Jan 1, 20X8, Morgan had 5 million 1 equity shares in issue. On June 1, 20X8, it made a 1 for 5 rights issue
At Jan 1, 20X8, Morgan had 5 million 1 equity shares in issue. On June 1, 20X8, it made a 1 for 5 rights issue at a price of 1.50. The market price of the shares on the last day of quotation with right was 1.80
Total earnings for the year ended Dec 31, 20X8 was 7.6 million
What was EPS for the year?
a. 1.35
b. 1.36
c. 1.27
d. 1.06
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