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Terry Corporation had 800,000 shares of common stock outstanding for all of 2021. In addition, it had 150,000 stock options outstanding which gave the holder
Terry Corporation had 800,000 shares of common stock outstanding for all of 2021. In addition, it had 150,000 stock options outstanding which gave the holder of the stock options the right to purchase shares of Terry's stock for $37 per share. The average market price of Terry's common stock for 2021 was $50. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2021?
a.800,000
b.852,703
c.911,000
d.839,000
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