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Calculate diluted shares outstanding

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Problem - At the beginning of 2018, Boom Inc. had 3000 shares of common stock outstanding. On October 1, Boom Inc. repurchased 303 shares for $60 per share. The average price of Boom Inc's common stock in 2018 was $60 per share. The CEO held 62 stock options with a strike price of $50 per share, which were fully vested. Calculate diluted shares outstanding for 2018.

Reference no: EM132770761

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