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Thread: FIN611 Advanced Financial Accounting Assignment 2 (20 July 2010)

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    Adrive2 FIN611 Advanced Financial Accounting Assignment 2 (20 July 2010)

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    Assignment No. 02 Marks: 10

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    Question:

    The income statements of SNT Company show the following amounts of net profit of the years ending December 31:


    611.JPG

    On January 1, 2009, the number of shares outstanding was 1,000,000. During the year 2009, the company announced a right issue with the following details:
    Rights: 1 new share for each 5 outstanding
    Exercise price: Rs. 10 per share
    Last date to exercise rights: March 1, 2009 (10 months outstanding)
    Market price on March 1, 2009: Rs. 22

    Required:
    Calculate Earning per Share (EPS) for the years 2008, 2009 and 2010.
    Last edited by viki; 07-21-2010 at 03:40 PM.
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