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Vincen
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A corporation with 5,000,000 shares of publicly traded stock reported total earnings of $7.20 per share for the first 9 months of operation. If during the final quarter, the number of publicly listed shares was increased to 10,000,000, and fourth-quarter earnings were reported at $1.25 per share, what are the average annual earnings per share based on the number of shares at the end of the year?
A. 1.75
B. 2.40
C. 3.15
D. 3.60
E. 4.85
Answer: E
Source: GMAT Club Tests
A. 1.75
B. 2.40
C. 3.15
D. 3.60
E. 4.85
Answer: E
Source: GMAT Club Tests
