Terry Corporation had 300,000 shares of common stock outstanding at December 31, 2017. In addition,...
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Terry Corporation had 300,000 shares of common stock outstanding at December 31, 2017. In addition, it had 90,000 stock options outstanding, which had been granted to certain executives, and which gave them the right to purchase shares of Terry's stock at an option price of $37 per share. The average market price of Terry's common stock for 2017 was $50. Net income was 900,000.
A) Compute EPS
B) Compute DEPS
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