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NEW QUESTION: 1
Let's say that a company had 100,000 shares outstanding at the beginning of the year and issued 30,000 more shares on May 1. The 100,000 shares would be outstanding for four months and the 130,000 shares for eight months, or two-thirds of the year. The weighted average number of shares outstanding for the year would be:
A. 180,000
B. 100, 000
C. 140,000
D. 120,000
Answer: D

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