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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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![**Knowledge Check 01**
Raguel Corporation reported net income of $101,000 during the current calendar year. As of January 1, the company had 200,000 shares of common stock outstanding and 1,000 shares of 10% preferred stock with a par value of $10 per share. The preferred stock is nonconvertible and cumulative. The board of directors did not declare the preferred dividend of $1,000 for the current year. What is the company’s basic EPS? (Round your answer to 2 decimal places.)
**Basic EPS**: [Input box for answer]
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Transcribed Image Text:**Knowledge Check 01**
Raguel Corporation reported net income of $101,000 during the current calendar year. As of January 1, the company had 200,000 shares of common stock outstanding and 1,000 shares of 10% preferred stock with a par value of $10 per share. The preferred stock is nonconvertible and cumulative. The board of directors did not declare the preferred dividend of $1,000 for the current year. What is the company’s basic EPS? (Round your answer to 2 decimal places.)
**Basic EPS**: [Input box for answer]
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