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Warrants exeraiable at $20 each to obtain 74000 shares of cormmon stock were outstanding during a period when the average market price of the common

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Warrants exeraiable at $20 each to obtain 74000 shares of cormmon stock were outstanding during a period when the average market price of the common stock was \$25. Application of the treasury stock method for the assumed poercise of these warrants in computing diluted earnings per share will increase the weighted average number of outstanding shares by 14809 18500 74000 . 59200

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