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Find the Marigold diluted earnings per share

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Reference no: EM132643559

Question - Marigold Corp. had 2450000 shares of common stock outstanding on January 1 and December 31, 2021. In connection with the acquisition of a subsidiary company in June 2020, Marigold is required to issue 110000 additional shares of its common stock on July 1, 2022, to the former owners of the subsidiary. Marigold paid $210000 in preferred stock dividends in 2021, and reported net income of $3470000 for the year. Find the Marigold's diluted earnings per share for 2021?

a. $1.33.

b. $1.42.

c. $1.35.

d. $1.27.

Reference no: EM132643559

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