Question: Assume the same facts as in Example 13 except that on 1 December 2009, a previously declared 2 for 1 stock split took effect. Each

Assume the same facts as in Example 13 except that on 1 December 2009, a previously declared 2 for 1 stock split took effect. Each shareholder of record receives two shares in exchange for each current share that he or she owns. What is the company’s basic EPS?

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