McDonnell-Myer Corporation reported net income of $1,323 million. The company had 464 million common shares...
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McDonnell-Myer Corporation reported net income of $1,323 million. The company had 464 million common shares outstanding at January 1 and sold 36 million shares on Feb. 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $31 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.) Answer: Earnings per share equal______? |
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