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Calculate the diluted earnings per share

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Question - Pharoah Corporation reported net income of $266,240 in 2020 and had 244,000 common shares outstanding throughout the year. Also outstanding all year were 36,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share.

Reference no: EM133044165

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