Northeast Company: Diluted earnings per share calculation
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Northeast Company 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 2010. The firm's basic earnings per share is $2.25. What is the firm's diluted earnings per share?
$1.15
$1.25
$1.50
$1.80
$2.00
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Northeast Company has 200,000 shares of common stock and 50,000 warrants outstanding. Each warrant entitles ...
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