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Find and calculate the diluted earnings per share

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Reference no: EM132724842

Wildhorse Corporation reported net income of $278,610 in 2020 and had 242,000 common shares outstanding throughout the year. Also outstanding all year were 27,000 (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.

Problem 1: Calculate the diluted earnings per share.

Reference no: EM132724842

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