3. For 2009. Flamingo Products had a net income of $1,500,000. On 1 January 2009,...
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3. For 2009. Flamingo Products had a net income of $1,500,000. On 1 January 2009, there were 1,000,000 shares outstanding On 1 Oct 2009, the company issued 500,000 new shares for $20 per share. The company paid $500,000 in dividends to preferred shareholders. What is Flamingo's basic earnings per share for 2009
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