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Bedard Corporation reported net income of $305,522 in 2014 and had 214,000 shares of common stock outstanding throughout the year. Also outstanding all year were
Bedard Corporation reported net income of $305,522 in 2014 and had 214,000 shares of common stock outstanding throughout the year. Also outstanding all year were 43,500 options to purchase common stock at $13 per share. The average market price of the stock during the year was $15.
Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $3.55.)
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