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An analyst gathered the following information about a company

01 / 10 / 2021 Projects

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An analyst gathered the following information about a company

An analyst gathered the following information about a company whose fiscal year end is December 31:• Net income for the year was $10.5 million.• Preferred stock dividends of $2 million were paid for the year.• Common stock dividends of $3.5 million were paid for the year.• 20 million shares of common stock were outstanding on January 1, 2001.• The company issued 6 million new shares of common stock on April 1, 2001.• The capital structure does not include any potentially dilutive convertible securities, options, warrants, or other contingent securitiesThe company’s basic earnings per share for 2001 was closest to….



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