Wilcorp Limited reported basic EPS of ($1.11), a loss of $1.11 per common share, calculated as (($

Question:

Wilcorp Limited reported basic EPS of (\$1.11), a loss of \$1.11 per common share, calculated as $(\$ 610,500) \div 550,000$. The company has stock options outstanding for 100,000 common shares at $\$ 10$ per share. The average common share price was $\$ 25$ during the period. Calculate diluted EPS.

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