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Business, 14.02.2020 03:48 jadenp23

Cullumber Corporation earned $355,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $21 per share during the period. Also outstanding were 14,700 warrants that could be exercised to purchase one share of common stock for $14 for each warrant exercised.(a) Are the warrants dilutive?(b) Compute basic earnings per share.(c) Compute diluted earnings per share.

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