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QUESTION 22 Terry Corporation had 400,000 shares of common stock outstanding at December 31, 2021. In addition, it had 90,000 stock options outstanding, which had

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QUESTION 22 Terry Corporation had 400,000 shares of common stock outstanding at December 31, 2021. In addition, it had 90,000 stock options outstanding, which had been granted to certain executives, and which gave them the right to purchase 1:1 shares of Terry's stock The average market price of Terry's common stock for 2021 was $40. If the number of shares used in computing diluted EPS is 423,400 then Question: What is the option price per share? Present your answer in two decimals

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