Question: Using the provided financial data, calculate the earnings per share (EPS) and diluted EPS for Citigroup Inc. for the year 2023. Data: net income $12,000,000,

Using the provided financial data, calculate the earnings per share (EPS) and diluted EPS for Citigroup Inc. for the year 2023. Data: net income $12,000,000, preferred dividends $600,000, common shares outstanding 8,000,000, stock options convertible into 800,000 shares. Discuss the impact of dilution on the company’s earnings per share.

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