Loredo Company's net income for 2017 is $50,000. The only potentially dilutive securities outstanding were 1,000 options, each exercisable for one share at $6. None have been exercised, and 10,000 shares of common were outstanding during 2017. The average market price of Loredo's stock during 2017 was $10. The 1,000 optionswere issued on October 1, 2017.DEPS for 2017 is:

Select one:

a.$4.81

b.$4.55

c.$4.72

d.$4.95

e.$4.87