Use the Following Information for Questions

question 12

Multiple Choice

Use the following information for questions
During 2022, Amazing Corp.reported after-tax net income of $900,000 and paid $175,000 in common dividends.The weighted average number of common shares issued in 2022 was 200,000.There are no preferred shares issued.At year end, Amazing's common shares are selling for $81 per share on the Toronto Stock Exchange.
-Amazing's basic earnings per share for 2022 is

• A)$22.22.
• B)$3.63.
• C)$4.50.
• D)$5.14.

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Definitions:

Profiling An Option

This term is not widely recognized in standard financial terminology. NO.

Call Option

An option contract that allows the holder to purchase a specific asset at a predetermined price before the contract expires.

Swap

A financial agreement between two parties to exchange sequences of cash flows for a set period of time according to specified terms.

Floating Rate

An interest rate that is allowed to move up and down with the rest of the market or along with an index.