Loredo Company's net income for 2021 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 2021. The average market price of Loredo's stock during 2021 was $10. The 1,000 optionswere issued on July 1, 2021. DEPS for 2021 is:

Select one:

a.

$4.81

b.

$4.55

c.

$4.72

d.

$4.95

e.

$4.90