Chad four million ordinary shares in issue and ranking for dividend at 1 January 20X1. On...

 

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Chad four million ordinary shares in issue and ranking for dividend at 1 January 20X1. On 30 September, a rights issue of 1 for 4 at 50 cents per share was made. The market price of the shares prior to the issue was 1 per share but after the issue, it was 90 cents. Earnings for the year ended 31 December 20X1 were 500,000. The EPS for 20X0 was 9 cents per share. Calculate the EPS Chad four million ordinary shares in issue and ranking for dividend at 1 January 20X1. On 30 September, a rights issue of 1 for 4 at 50 cents per share was made. The market price of the shares prior to the issue was 1 per share but after the issue, it was 90 cents. Earnings for the year ended 31 December 20X1 were 500,000. The EPS for 20X0 was 9 cents per share. Calculate the EPS

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The provided data is used to calculate Earnings Per Share EPS Heres what I have Number of shares pri... View the full answer