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What was the number of shares of stock

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Question - Baldwin Company had 55,000 shares of common stock outstanding throughout 2009. Th company had outstanding fully vested incentive stock options for 10,000 shares exercisable at $10 that had not been exercised by its executives by the end of 2009. The options were outstanding for the whole year. The average stock price in 2009 was $12. What was the number of shares of stock that should be used in computing diluted earnings per share for 2009?

A. 75,000.

B. 55,909.

C. 65,000.

D. 56,667.

Reference no: EM132774185

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