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Maxwell Corp. is coming to the market with a new offering of 450,000 shares of stock at $22 to the public. Maxwell will receive $19 per share. The firm has one million shares outstanding and earnings of $6 million before recording the new issue. What is the amount of earnings per share after the stock issuance?

$6.00

$1.38

$2.79

$3.21

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92269984

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