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Given the situation below, determine the weighted average outstanding shares for the company. During Q 1 and Q 2 , a company had a total

Given the situation below, determine the weighted average

outstanding shares for the company.

"During Q

1

and Q

2,

a company had a total of

500, 000

outstanding

shares. However, there was a buyback of

80, 000

outstanding shares

by the company at the beginning of Q

3 .

Meanwhile in Q

4,

there was

an additional

120, 000

outstanding shares."

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