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For 2015, FSA Co. had net income of $1,670,000.
At 01 January 2015, there were 60,000 shares outstanding.
On 01 October 2015, the company issued 20,000 new shares for $12 per share.
The company paid $160,000 in dividends to common shareholders on the last day of 2015.
What was FSA Co.’s basic earnings per share for 2015?
And what was the dividend payout ratio?
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