Question: BUAD 273 Problems: Show all calculations clearly for full marks. Problem 11 (3 marks) On January 1, 2021, Central City Corporation issued stock purchase

BUAD 273 Problems: Show all calculations clearly for full marks. Problem 11

BUAD 273 Problems: Show all calculations clearly for full marks. Problem 11 (3 marks) On January 1, 2021, Central City Corporation issued stock purchase options to its senior managers, allowing them to purchase 50,000 shares of common stock at a price of $60 per share. The average market price for their shares was $75 during the year. Required: Calculate the effect this would have in the calculation of 2021 diluted earnings per share. Be specific. A numeric answer is appropriate.

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