Gaslight Plc has earnings after tax of €1 260 000 for the year ended 30 June 2015.At the beginning of the period Gaslight had 570 000 fully paid-up ordinary shares on issue.On 30 December 2014 the company made a one-for-two bonus issue.The last sale price of the shares immediately prior to the bonus issue was €4.50 each.What are the earnings per share taking into account the bonus issue?
A) €3.32
B) €1.47
C) €1.87
D) €3.00
Correct Answer:
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