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What is weighted average number of shares to be used

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Question 1: The hall corporation bad 100,000 shares of common stock outstanding at the beginning of the year. Hall issued 30,000 shares of common stock on May 1. On july 1 the company issued a 10% stock divident. On sept 1 Hall issued 1000 , 10% bonds each convertible into 21 shares of common stock. What is weighted average number of shares to be used in computing basic and diluted eps , assuming the convertible bonds are dilutive?

Reference no: EM132600695

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