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Write down all the steps and details, please. Stanley Corp. had 100,000 shares of common stock outstanding throughout 2004. It also had 20,000 stock options
Write down all the steps and details, please.
Stanley Corp. had 100,000 shares of common stock outstanding throughout 2004. It also had 20,000 stock options with an exercise price of $20 and another 20,000 options with an exercise price of $28. The average market price for the company's stock was $25 throughout the year. The stock closed at $30 on December 31, 2004. What is the number of shares used to calculate diluted earnings per share for the yearStep by Step Solution
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