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Grouper Corporation earned $359,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an
Grouper Corporation earned $359,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $18 per share during the period. Also outstanding were 16200 warrants that could be exercised to purchase one share of common stock for $12 for each warrant exercised. Are the warrants dilutive? Compute basic earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share $ Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $
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