9. An analyst has gathered the following information about a company: - 50,000 common shares outstanding from the beginning of the year. - Warrants outstanding all year on 50,000 shares, exercisable at $20 per share. - Stock is selling at year end for $25. - The average price of the company's stock for the year was $15. How many shares should be used in calculating the company's diluted EPS? A. 16,667. B. 33,333. C. 50,000 D. 66,667 E. None of the above or impossible to determine