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What is deps

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Reference no: EM132778246

Problem 1: Loredo Company's net income for 2021 is $50,000. The only potentially dilutive securities outstanding were 1,000 options, each exercisable for one share at $6. None have been exercised, and 10,000 shares of common were outstanding during 2021. The average market price of Loredo's stock during 2021 was $10. The 1,000 options were issued on July 1, 2021. DEPS for 2021 is:

Select one:

a. $4.81
b. $4.55
c. $4.72
d. $4.95
e. $4.90

Reference no: EM132778246

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