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Use the Following Information to Calculate the "Weighted Average Number

Question 3

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Use the following information to calculate the "weighted average number of ordinary shares outstanding" (WASO) ?  Ordinary shares, January 1, 2013 120,000 Shares issued, March 1, 2013 60,000 Shares repurchased, June 1, 2013 30,000 Dividends paid on ordinary shares, Nov 1, 2013 90,000\begin{array} {| l | r |} \hline \text { Ordinary shares, January 1, 2013 } & 120,000 \\\hline \text { Shares issued, March 1, 2013 } & 60,000 \\\hline \text { Shares repurchased, June 1, 2013 } & 30,000 \\\hline \text { Dividends paid on ordinary shares, Nov 1, 2013 } & 90,000\\\hline\end{array}


A) 112,500
B) 152,500
C) 157,500
D) 170,000

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