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Unexercised stock options to purchase 20 shares of common stock (adjusted for the 2014 stock dividend) at $20 per share were outstanding at the beginning
Unexercised stock options to purchase 20 shares of common stock (adjusted for the 2014 stock dividend) at $20 per share were outstanding at the beginning and end of 2014. The average market price of Pueblo's common stock (which was not affected by the stock dividend) was $25 per share during 2014. The ending market price was $40. Net income for the year ended December 31, 2014, was $2,200. What was Pueblo's 2014 basic earnings per share, rounded to the nearest cent?
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1) | $19.30 |
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2) | $20.00 |
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3) | $20.20 |
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4) | $20.96 |
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