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Problem 1: Telephonic Inc. announced on January 15, 20X8, that it would be paying a dividend of $0.50 per share. The dividend was paid on March 1, 20X8, to shareholders on record on February 19, 20X8. What is the ex-dividend date?
a) February 17, 20X8
b) February 18, 20X8
c) February 19, 20X8
d) March 1, 20X8
Assuming a 50% tax rate, LIST the earnings per share data that should appear on the financial statements of Pronghorn Industries as of December 31, 2017.
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