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What was EPS for the year

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Question - At Jan 1, 20X8, Morgan had 5 million 1 equity shares in issue. On June 1, 20X8, it made a 1 for 5 rights issue at a price of 1.50. The market price of the shares on the last day of quotation with right was 1.80 Total earnings for the year ended Dec 31, 20X8 was 7.6 million

What was EPS for the year?

a. 1.35

b. 1.36

c. 1.27

d. 1.06

Reference no: EM132537536

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