Question: 1 . A company had 8 0 0 , 0 0 0 shares outstanding at the beginning of the year. On October 1 st ,

1. A company had 800,000 shares outstanding at the beginning of the year. On October 1st, the company declared a 3-for-1 bonus issue, resulting in the total shares outstanding increasing to 2,400,000. The company's net profit for the year was $1,600,000. Calculate the basic EPS after accounting for the bonus issue.

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