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4 Bloom has 9.28 million shares in issue at the start of its year. During the year ended 31 December 2021 it made no new
4 Bloom has 9.28 million shares in issue at the start of its year. During the year ended 31 December 2021 it made no new issue of shares. However, on that date, there was an outstanding option to purchase 820,000 ordinary 1 shares in Bloom, at 1.70 per share. The fair value of these ordinary shares was 1.80 per share. Reported earnings for the year ended 31 December 2021 is 2,802,000. Required Calculate the diluted earnings per share for Bloom for the year ended 31 December 2021 (8 marks)
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