Business, 23.08.2020 01:01 alishafelix9122
Foxhound Corp reported net income of $720,000 for the year ended December 31, 2019. Foxhound had 100,000 common shares outstanding as of January 1st, 2019; 24,000 fully vested (as of 2013) stock options (each option allows for one common share at a $50 exercise price): Foxhound bought back 20,000 common shares on October 1st, 2019. The average market price of the shares throughout the year was $60 per share. Which of the following is the Basic EPS for Foxhound at the end of 2019? (Round to the nearest penny
A. $9.00
B. $7.58
C. $10.00
D. 7.30
Answers: 1
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Foxhound Corp reported net income of $720,000 for the year ended December 31, 2019. Foxhound had 100...
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