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CHAPTER 19 (4.) McDonnell-Myer Corporation reported net income of $2,958 million. The company had 571...

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Accounting

CHAPTER 19 (4.)

McDonnell-Myer Corporation reported net income of $2,958 million. The company had 571 million common shares outstanding at January 1 and sold 18 million shares on Feb. 28. As part of an annual share repurchase plan, 9 million shares were retired on April 30 for $42 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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