XYZ Inc reported net income of $362,980 for the year and had 215,930 common shares...
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XYZ Inc reported net income of $362,980 for the year and had 215,930 common shares outstanding throughout the year. Also outstanding all year were 54,340 employee stock options with each option giving the holder the right to purchase one common share at $11.85 per share. The average market price for the common shares during the year was $15.93 per share. Calculate the company's fully diluted earnings per share
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