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At September 30, 2019, Tru Inc. granted executive stock options to purchase 30,000 of its common shares at $7 each. The market price of common
At September 30, 2019, Tru Inc. granted executive stock options to purchase 30,000 of its common shares at $7 each. The market price of common stock was $16 per share on December 31, 2019, and averaged $14 per share for the last quarter of the year. There was no change in the 150,000 shares of outstanding common stock and 20,000 5% cumulative preferred stock, each with $1 par value, during the year. Net income for the year was $25,000. What is Tru Inc.'s diluted EPS for the year 2019 rounded to the nearest cent? $0.15 a. b. $0.16 Oc. $0.13 $0.14 d. $0.17 e
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