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Find what is the firm basic eps

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Reference no: EM132679961

A firm has the following as part of its capital structure:

  • 500,000 common stock shares outstanding
  • $250,000 worth of notes that are convertible to 100,000 common stock shares
  • Net income of $750,000
  • Dividends paid on common stock were $500,000
  • Dividends paid on preferred stock were $75,000

Problem 1: What is the firm's basic EPS?

A. $1.25

B. $1.35

C. $1.50

D. $1.96

E. $2.08

Reference no: EM132679961

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