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Manu Co. had 90,500 shares of common stock outstanding. Options to purchase 19,900 shares of common stock were outstanding at the beginning of the year.

Manu Co. had 90,500 shares of common stock outstanding. Options to purchase 19,900 shares of common stock were outstanding at the beginning of the year. The options can be exercised to purchase stock at $14 per share. The average market price of the stock was $50. What is the total number of shares used in the basic earnings per share denominator?

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