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Colt Corporation purchased Massey Inc. and agreed to give stockholders of Massey Inc. 5 0 , 0 0 0 additional shares in 2 0 2
Colt Corporation purchased Massey Inc. and agreed to give stockholders of Massey Inc. additional shares in if Massey Inc.s net income in is $ or more; in Massey Inc.s net income is $ Colt has net income for of $ and has an average number of common shares outstanding for of shares. What should Colt report as earnings per share for
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