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McDonnell-Myer Corporation reported net income of $2,744 million. The company had 553 million common shares outstanding at January 1 and sold 18 million shares on
McDonnell-Myer Corporation reported net income of $2,744 million. The company had 553 million common shares outstanding at January 1 and sold 18 million shares on Feb. 28. As part of an annual share repurchase plan, 12 million shares were retired on April 30 for $41 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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