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Primus, Incorporated, owns all outstanding stock of Sonston, Incorporated. For the current year, Primus reports net income ( exclusive of any investment income ) of
Primus, Incorporated, owns all outstanding stock of Sonston, Incorporated. For the current year, Primus reports net income exclusive of any investment income of $ Primus has shares of common stock outstanding. Sonston reports net income of $ for the period, with shares of common stock outstanding. Sonston also has stock warrants outstanding that allow the holder to acquire shares at $ per share. The value of this stock was $ per share throughout the year. Primus owns of these warrants.
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What amount should Primus report for diluted earnings per share?
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