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Thanks! Q2 As of January 1, 2018, a Start up company recently done an IPO now listed at the Six Swiss Stock exchange had 22'500
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Q2 As of January 1, 2018, a Start up company recently done an IPO now listed at the Six Swiss Stock exchange had 22'500 CHF 10 par value common shares outstanding. On July 1, the company repurchased 5'000 shares. The company also had 11 '000, 10%, CHF 100 par value preferred shares. During 2019, the company had 500 '000 shares of common stock outstanding for the entire year, where the company's stock price was CHF 40, its ending price was CHF 60 and an average price over the year was CHF 50. The company had also 120'000 warrants outstanding for the entire year and each warrant allowed the holder to go long one share of common stock at CHF 45 per share, earnings were CHF 210'000 a). How much was Company's basic EPS at the beginning of 2019 b). How many shares of Common stock outstanding (WASHO) should the company use in assessing its diluted EPS for the year ended 2019Step by Step Solution
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