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Harvey Inc. reported net earnings of $750 for the year. Harvey has 200 shares of common stock outstanding all year. Two years ago the company
Harvey Inc. reported net earnings of $750 for the year. Harvey has 200 shares of common stock outstanding all year. Two years ago the company granted 20 stock options and the options have fully vested. Each option allows an employee to purchase 1 share for $8 per share. The company stock has averaged $20 in the market during the year.
Compute diluted EPS. (Round to the nearest penny.)
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