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A Company Reports the Following in Relation to Its Latest

question 17

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A company reports the following in relation to its latest financial year:
 Net profit $12000 Number of ordinary shares issued 5000 Number of preference shares issued  (paying an annual dividend of 50 cents per share)  500\begin{array} { l r } \text { Net profit } & \$ 12000 \\\text { Number of ordinary shares issued } & 5000 \\\text { Number of preference shares issued } & \\\text { (paying an annual dividend of } 50 \text { cents per share) } & 500\end{array}
The company's basic earnings per share figure is:


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