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Z Co has 80,000 shares in issue and makes a 1 for 4 rights issue on 1 September 20X6 at $1 per share. The last cum-rights price was $1.50. Total earnings for 20X6 were $120,000. What is the restated EPS for 20X5 if the net profit for that year was $100,000 (in $s, to two decimal places)? $________ |