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A company's net income is $250,000, and its weighted-average shares outstanding are 40,000. ...

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Question

Accounting

A company's net income is $250,000, and its weighted-average shares outstanding are 40,000.
At the beginning of the year, the company issues 6,000 ESOs at an exercise price of $20.
What will be the diluted EPS if average stock price during the year is $30?
I.
$5.95
II.
$5.68
III.
$6.25
IV.
$5.43

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