Compute the weighted average

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Question - On January 1, 2013, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 400,000 of its own outstanding shares and retired them.

Compute the weighted average? Explain the steps to solve this problem.

Reference no: EM132488287

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