CFA Level 1 Exam

3959 Questions

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Question No. 1

Birch Ltd. had net income for the year of $101,504 and a simple capital structure consisting of the following

common shares outstanding:

Months Outstanding Number of Shares
January - February 24,000
March - June 29,400
July - November 36,000
December 35,040

Birch's earnings per share (rounded to the nearest cent) were ________.
Choose the correct option from the given list.
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