Using Coca colas 2014 financial statements:

**Assume that all options are in the money, and that these are the only dilutive securities. The tax rate is 35%. Use NI attributable to shareholders of Coca cola as your NI metric

1. What would basic EPS have been if twice as many treasury shares had been purchased (assume all additional purchases at mid- year)

2. What would diluted EPS have been in this case?

3. What is the benchmark stock price for the dilutive effect of the options

4. What would Diluted EPS have been if the answer to #3 were the average price at which treasury stock was repurchased in 2014

5. Assume that all the options exercisable at year end were exercised at this time, and that all of the proceeds had been used to repurchase shares at $40. What would the basic eps have been?