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On January 1, a company has 700,000 shares of issued and outstanding common stock. On March 1, the company repurchases 60,000 shares. On June 1,

On January 1, a company has 700,000 shares of issued and outstanding common stock. On March 1, the company repurchases 60,000 shares. On June 1, it effects a 2-for-1 stock split. On November 1, it issues 240,000 shares. The company has a net income for the year of $2,720,000. What is the BASIC earnings per share?

I know the answer is 2.03 because it was given to me for Basic EPS, but I can't figure out how they arrived at that number. I think the stock-split is messing up my calculations.

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