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What should be ajax diluted earnings per common share

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Reference no: EM132815308

Problem 1: Ajax Company had 1,200,000 shares of common stock issued and outstanding at December 31, 2025. Outstanding throughout 2026 were 80,000 unexercised stock options with strike price of $25 per share. The market price of Ajax's common stock was $40 per share during 2026. Net income for the year ended December 31, 2026, was $2,100,000. What should be Ajax's 2026 diluted earnings per common share, rounded to the nearest penny?

Option 1: Cannot determine; incomplete information

Option 2: $1.75

Option 3: $1.64

Option 4: $1.71

Reference no: EM132815308

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