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Compute the earnings per share

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Question - A company had 30,000 shares of common stock outstanding on January 1, 2006. On March 1, the company issued an additional 18,000 shares of common stock. Net income for the year was $99,000. Compute the earnings per share?

A. $0.18.

B. $1.27.

C. $2.06.

D. $2.57.

Reference no: EM133017863

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