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A firm issued 500 stock warrants each allowing the holder to buy one share of the firm's common stock for $15.00 per share. The average

A firm issued 500 stock warrants each allowing the holder to buy one share of the firm's common stock for $15.00 per share. The average market price of the stock is $20.00. Calculate diluted earnings per share if net income is $5,000 and the weighted average number of common shares is 1,500. Select one: a. $1.25 b. $3.55 C. $1.99 d. $3.08 e. $2.06 Google Chrome Version 89.0.4389.114 Microsoft Windows 10 Home 64-bit Build 6.2.9200

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