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Calculate mcdonnell-myer earnings per share for the year

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Reference no: EM133186619

Question - McDonnell-Myer Corporation reported net income of $774 million. The company had 419 million common shares outstanding at January 1 and sold 18 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $27 per share. Calculate McDonnell-Myer's earnings per share for the year.

Reference no: EM133186619

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