Dilutive eps of wonderful incorporation

Reference no: EM13762121

Sharon Inc. issued to its existing common stockholders 1000 warrants. Each warrant entitles the stockholder to purchase 2 shares of common stock at a price of $5 each. The common stock of the company is selling in the stock exchange at $10 each. If Wonderful has 29,000 shares of common stock outstanding throughout the year and its Net Income is $12,000 after paying the preferred dividends, what will be the dilutive EPS of Wonderful incorporation under treasury stock method? Round your answer to two decimal points.

$4
$0.40
$0.30
$0.36

Reference no: EM13762121

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