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Based on the following information, what is earnings per share at the end of the year ? Common shares issued & outstanding - January 1,
Based on the following information, what is earnings per share at the end of the year?
Common shares issued & outstanding - January 1, Year 1 | 810,000 |
Common shares issued - July 1, Year 1 | 42,000 |
Retained earnings | $5,255,000 |
Preferred dividends | $45,000 |
Net income | $3,260,000 |
a. | $3.92 | |
b. | $2.68 | |
c. | $6.32 | |
d. | $3.87 | |
e. | $3.97 |
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