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Slytherin Co. has stock warrants outstanding throughout 2021, each exercisable for one share of common stock. The following information is provided for 2021: Item Amount
Slytherin Co. has stock warrants outstanding throughout 2021, each exercisable for one share of common stock. The following information is provided for 2021:
Item | Amount |
---|---|
Number of warrants outstanding | 33,000 |
Exercise (strike) price per warrant | $5 |
Average market price per share | $25 |
For the diluted earnings per share calculation in 2021, how many shares should be added to the denominator because of these stock warrants?
0
6,600
33,000
26,400
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