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Business, 11.05.2021 17:20 fatty18

Rudyard Corporation had 100,000 shares of common stock and 10,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $400,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 40%. What is Rudyard's basic EPS? Group of answer choices $3.20. $4.80. $4.00. $2.13.

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Rudyard Corporation had 100,000 shares of common stock and 10,000 shares of 8%, $100 par convertible...

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