Find the firm-s diluted earnings per share
Kinston has 200,000 shares of common stock and 50,000 warrants outstanding. Each warrant entitles its owner to buy one share at a price of $20 before 2020. The firm's basic earnings per share is $2.50. What is the firm's diluted earnings per share?
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A corporation purchased for cash 5,000 shares of its own $10 par common stock at $34.00 a share. In the following year, it sold 2,000 of the treasury shares at $38 a share for each.
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Each warrant entitles its owner to buy one share at a price of $20 before 2020. The firm's basic earnings per share is $2.50. What is the firm's diluted earnings per share?
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