Francis Corp.is coming to the market with a new offering of 1,000,000 shares,at $20 to the public.Francis Corp.will receive $17 per share.The firm has 2 million shares outstanding and earnings of $8 million.What is the amount of dilution in earnings per share?
A) $1.85
B) $3.00
C) $10.00
D) $1.33
Correct Answer:
Verified
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