What is diluted earnings per share

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Question - During 2020, Pegula, Inc. had 80,000 Warrants outstanding with an exercise price of $20 each convertible into 1 share of common stock. The average market price of the common stock during 2020 was $25 and shares outstanding for the entire year was 250,000. If Net Income for Pegula, Inc. was $75,000 what is diluted earnings per share?

Reference no: EM133058007

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