Homework Answers
| Issue date | number of shares | months | weighted average |
| Beginning of the year | 480000 | 12 | 480000 (480000*12/12) |
| Apr-01 | 10000 | 9 | 7500 (10000*9/12) |
| Aug-01 | 60000 | 5 | 25000 60000*5/12 |
| Total weighted number of shares | 512500 | ||
| Net Income | $ 589,375 | ||
| Number of shares | 512500 | ||
| EPS | 1.15 589375/512500 |
||
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Question#2:
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Question#2:
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