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As of Dec 31, 2021, Salt & Pepper Inc. (S&P) had 600,000 common shares outstanding (no preferred shares issued). Further, S&P had granted 180,000 stock
As of Dec 31, 2021, Salt & Pepper Inc. (S&P) had 600,000 common shares outstanding (no preferred shares issued). Further, S&P had granted 180,000 stock options to some executives. These options gave the executives the right to purchase S&P's shares at the option price of $74 per share. As of today, none of these options have been exercised. The "average" market price of S&P's common shares during 2021 was $100. When calculating Diluted EPS for 2021, what number of shares should be used?
| 733,200 |
| 600,000 |
| 646,800 |
| 663,244 |
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