Q 23: Share-based compensation and EPS Homework Unanswered The Cool Co. provides stock options as part of the compensation for its top managers. For the fiscal year ending 12/31/2018, managers held 12,000,000 vested options (1 option can be exchanged for 1 share of common stock) with a strike price of $15/share. The Cool Co. uses the Treasury Stock Method if accounting for stock options in diluted earnings per share. None of the options were exercised during the year. As The Cool Co. prepares its financial statements, the net income available to common shareholders is $265,000,000 and the weighted average of common shares outstanding is 125,000,000. Basic EPS is $2.12/share. The average market price of The Cool Co. shares was $24/share during the year. What is their diluted earnings per share, if it needs to be calculated. 0 A $2.05 B $1.93 o c $2.35 o D $2.26 O E No need to report diluted earnings per share [] Ful