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13
13.Assume IMM has 200,000 as retained profit and distributed 100,000 as dividends. The company has 150,000 outstanding shares. What is the company earnings per share?
Select one:
a. $2
b. $1
c. $1.5
d. $0.5
Expert Solution
= Net income = Retained profit + Distributed dividends
= 300,000
EPS = 300000/150000 = 2
Option A
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