Bacardi shares of common stock and 50, 000 shares of 6% cumulative preferred stock outstanding for the entire year. The non-convertible preferred stock has a par value of $100 per share. Bacardi did not declare or pay any dividends during the year. Bacardi's net income for the year was $2.5 million and the income tax rate is 40% . Bacardi granted 10.000 stock options to its executives on January of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of 29 per share The market price the common stock averaged per share during the year and the stock price at the end of the year was $32 per share . Basic earnings per share reported by Bacardi Ine. for the year is closest to: 5.00 4.40 $4.34 4.24 Diluted earnings per share reported by Bacardi Inc. for the year is closest to: 5.00 $4.40 $4.34 $4.24 A )

Use the following to answer questions 10 and 11:goote kolorzaggi'll Bacardi Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding for the entire year. The non-convertible preferred stock has a par value of $100 per share. Bacardi did not declare or pay any dividends during the year. Bacardi's net income for the year was $2.5 million and the income tax rate is 40%. Bacardi granted 10,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. The market price of the common stock averaged $30 per share during the year and the stock price at the end of the year was $32 per share. or al menomni quieronwo lanothogeng & alumnisM CA 10. Basic earnings per share reported by Bacardi Inc. for the year is closest to: A) $5.00 B $4.40 a $4.34 Fil yount no besiangno esw nollmogno) aregold minion? nommos to somaclo 50.0 $4.24 (1) :utiups 'enabledsuede of guitalon andijosemars gniwolfof banrogos 11. Diluted earnings per share reported by Bacardi Inc. for the year is closest to: A) $5.00 B $4.40 C) $4.34 000.OTC8 (A D) $4.24 000,0082 .000.06.SZ 000,0052