PROBLEM: Bates Ltd has 6,000,000 ordinary shares on issue at the beginning of the year, 1 July 2013. These shares were issued at $4.00 each and have a current market value of $6.25. On 1 February 2014, Bates Ltd bought back 300,000 ordinary shares originally issued at $4.50 for $5.60 each. On 1 May 2014, 1,000,000 fully paid-up shares were issued at the current market value. What is the weighted-average number of shares calculated in accordance with AASB 133?
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