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You have a thing for Tony Stark and jumped at the opportunity to purchase shares of stock in Ironman Brew Co. on January 1st for
You have a thing for Tony Stark and jumped at the opportunity to purchase shares of stock in Ironman Brew Co. on January 1st for $85 per share. On December 31 of that year, the stock was valued at $100 per share, the company reported net income of $10 million, and they had paid their shareholders $1.60 per share in dividends during the year. There are 1.25 million shareholders. What were the company's earnings per share during this time period (round to two decimal places)?
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$1.60
$8.00
$6.40
$15.00
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