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Mr. Chang had 12,000 ordinary shares in issue on 1 January 20X9. On 1 April 20x9 Mr. Chang issued 3,000 shares at full market value.

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Mr. Chang had 12,000 ordinary shares in issue on 1 January 20X9. On 1 April 20x9 Mr. Chang issued 3,000 shares at full market value. Robert's earnings for the year to 31 December 20X3 were 3,200. What is Mr. Chang's earnings per share for the year to 31 December 20X9. Select one: a. 15.4p a b. 23.6p C. 20.2p d. 22.5p

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