200000 shares of cs issued and outstanding at dec 31 2009

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200,000 shares of c/s issued and outstanding at Dec. 31, 2009. July 1, 2010 issued a 10% stock dividend. Unexercised stock options to purchase 40,000 shares of c/s at $20 per share were outstanding at the beginning and end of 2007. Market price of c/s was $25 per share during 2010. NI for the year ended Dec. 31, 2010 was $1,100,000. What is the diluted EPS?

Reference no: EM13597147

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