Question: Bedard Corporation reported net income of 300 000 in 2012 and
Bedard Corporation reported net income of $300,000 in 2012 and had 200,000 common shares outstanding throughout the year. Also outstanding all year were 45,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share.
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