Charon2022-04-06 16:30:00

The following relates to a company’s common equity over the course of the year: Outstanding shares, at start of the year 2,000,000 Stock options outstanding, at start and end of the year (Exercise price: $5) 100,000 Shares issued on 1 April 300,000 Shares repurchased (treasury shares) on 1 July 100,000 Average market price of common shares for the year $20/share If the company’s net income for the year is $5,000,000, its diluted EPS is closest to: $2.17. $2.22. $2.20.