Soundbird Ltd has 600,000 ordinary shares on issue at 1 July 2019, which is the beginning of its reporting period. On 1 January 2020, it issued a further 500,000 ordinary shares for cash. On 1 March 2020, Soundbird Ltd repurchased 10,000 shares at fair value in a market transaction. Required: What is the correct weighted average number of shares to use in the earnings per share calculation for the year ended 30 June 2020?
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