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Question - Grouper Ltd. began its latest fiscal year on January 1, 2020, with 10,000 common shares outstanding. On April 1, Grouper sold 3,300 additional common shares. The company declared and issued a 20% stock dividend on June 1. On July 1, Grouper repurchased and cancelled 200 common shares. An additional 3,750 common shares were issued on September 1. On November 1, Grouper declared and issued a 2-for-one stock split. On December 1, Grouper issued an additional 120 shares. Following the fiscal year, Grouper declared and issued a 3-for-one stock split on February 1, 2021. The company issued its 2020 financial statements on March 10, 2021. Calculate the weighted average number of common shares that Grouper should use for calculating its EPS numbers for 2020.
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