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Question: in 2018 company northern gold has earned dollar45000000 of net...

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In 2018, company Northern Gold has earned $45,000,000 of net profit. The company is expected to pay $2,500,000 of preferred dividend. However, there were some changes of equity during the year:

1/1/2020, the number of shares outstanding was 23,000,000.

31/3/2020, issuing 1,000,000 new shares.

30/4/2020, issuing 500,000 new shares.

31/8/2020, stock split, for each owning shares, the shareholders were owning 2 more after the stock split.

31/10/2020, buying back 1,000,000 shares.

What is the basic EPS?

 

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