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Blue Company has net income of $200,000 and weighted average shares outstanding of 50,000. Blue also has 10,000 options that were issued the prior year.

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Blue Company has net income of $200,000 and weighted average shares outstanding of 50,000. Blue also has 10,000 options that were issued the prior year. These options are exercisable for 1 share each at a price of $10. The average market price of the stock for the year was $20. What is the diluted earnings per share for Blue Company? M

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