CFA Level 1 Practice Question – 43 Super Inc which reported a net profit of $25,650 mn for the year 2013 has 2300 mn ordinary shares outstanding at the beginning of the year. On 1-July 2013 the company issued 400 fresh equity shares. On 1-Aug-13 the company declared a 1:2 share split. At the beginning of the year the company had 1000 mn, $ 100 face value preferred shares outstanding attracting 10% dividend. These preferred shares are convertible in to four ordinary shares per each preference shares held. The diluted EPS of super Inc is closest to a) $ 2.85 b) $ 1.97 c) $ 1.20
Posted on: Mon, 10 Mar 2014 03:05:06 +0000
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