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On January 1 , Year 5 , Chastain, Inc., had 1 2 0 , 0 0 0 shares of common stock and 1 5 ,
On January Year Chastain, Inc., had shares of common stock and shares
of convertible preferred stock outstanding. The preferred stock has a $ pershare dividend
rate, and each share may be converted into one share of common stock.
The following transactions occurred over the next twelve months.
a An additional shares of common stock were issued on July
b On September Chastain acquired shares of common stock for the treasury.
c The company earned $ in net income.
d Chastain declared the $ pershare dividend to preferred shareholders.
What was basic earnings per share BEPS for Chastain in Year
Round answer to two decimal places.
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