do we have the answer for KJH on this?
At the beginning of the second period you have issued 15,000 shares, that’s a period # shares outstanding of 115,000. Multiply it by 2 to account for the stock split, multiply by 4/12 to weight. At the beginning of the third period you have 115*2 shares outstanding, and you buy back 2*12,000 (multiplied by 2 to account for the split). All wighted by 6/12.
=100,000+(15,000*10/12)-(12,000*.5) = 106,500 =106,500*2 = 213,000 B