Question: Bedard Corporation reported net income of 300 000 in 2010 and had
Bedard Corporation reported net income of $300,000 in 2010 and had 200,000 ordinary shares outstanding throughout the year. Also outstanding all year were 45,000 options to purchase ordinary shares at $10 per share. The average market price of the shares during the year was $15. Compute diluted earnings per share.
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