The second question of calculating EPS, there was bonus issue during the year 2001 of 3600000 shares. Should this bonus shares not be considered when calculating the EPS for year 2000 also for the purpose of better comparison since we will include it in the calculation of EPS for 2001. In the answer in the bbpbook it doesn’t consider bonus for 2000.
Second. For the issue of shares at par right after bonuse issue is halved since it was for 6 months. I understand this. But they have also taken the bonus shares and halved it for calculating EPS for 2001
Shouldn’t bonus be taken whole as the bonus was issued first and then it was issued again for cash at par in the 6 months?