CFA Level 1 Exam
Question No. 1
The Basic EPS represents which of the following?
I. The net income divided by number of shares outstanding.
II. The amount of net income available for distribution to common stock holders, per share.
III. The net income after preferred dividends, expressed per common share.
IV. Net income after preferred dividends divided by total equity.
Choose the correct option from the given list.
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