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Basic earnings per share for 2006 was? Common stock Shares outstanding 12/31/05 New shares issued 4/1/06 Shares outstanding 12/31/06 90 million 10 million 100 million
Basic earnings per share for 2006 was?
Common stock Shares outstanding 12/31/05 New shares issued 4/1/06 Shares outstanding 12/31/06 90 million 10 million 100 million Preferred stock $10 par, 1000, convertible into 2 shares of common stock, shares outstanding 50 million Options 1 million options, each to purchase one common share at S50 per share Market price of stock Average for year Beginning of year $75 $70 $78 End of vear S 50,000,000 $350,000,000 Preferred dividends paicd Net income for 2006Step by Step Solution
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