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Assume the following 1,000 shares are outstanding (no change during the year) .Net income is $5,000 The company paid $500 in preferred dividends .
Assume the following 1,000 shares are outstanding (no change during the year) .Net income is $5,000 The company paid $500 in preferred dividends . The company paid $600 in common dividends . The average market price of their common stock is $60 for the year The company had 100 warrants (for one share each) outstanding for the entire year, exercisable at $50/share The company's diluted earnings per share is closest to: $4.55 $4.42 $4.83
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