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Wolverine, Inc. had net income of $15,000,000 in 2019. On January 1, 2019, the company had 9,000,000 common shares outstanding. The company issued 250,000 common
Wolverine, Inc. had net income of $15,000,000 in 2019. On January 1, 2019, the company had 9,000,000 common shares outstanding. The company issued 250,000 common shares on March 1, 2019, issued 150,000 common shares on June 1, 2019, repurchased 600,000 common shares on September 1, 2019, and issued 300,000 shares on November 1, 2019. The company paid $500,000 in preferred stock dividends and $0 in common stock dividends during the year. Finally, the company completed a previously announced 2-for-1 stock split on December 1, 2019. What was the company's basic earnings per share (EPS) in 2019? a. $0.79 b. $0.82 C. $0.85 d. $1.37 e. $1.59
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