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Bodoni Technologies Inc. reported net income of $4 million for the year ended December 31, 2013. At the beginning of the year, the company had
Bodoni Technologies Inc. reported net income of $4 million for the year ended December 31, 2013. At the beginning of the year, the company had 500,000 common shares and issued 20,000 warrants with an exercise price of $60 on July 1, 2013. The average market price of the company's common stock during the year was $80 per share. Assuming there were no other potentially dilutive securities, the company's diluted earnings per share (EPS) using the treasury stock method is closest to: O $8.00. O $7.92. O $7.96
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