Calculating earnings per share

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HH Corp has three layers of options outstanding as of 12/31/2020

Layer 1: 15,000 shares with an exercise price of $16.00

Layer 3: 25,000 shares with an exercise price of $25.00

Layer 3: 17,000 shares with an exercise price of $21.00

The closing price of the stock on 12/31/2020 was $26.00. The average trading price of the stock for the period is $24.00.

How many dilutive shares will be used in calculating earnings per share.

Reference no: EM133068029

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