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Business, 14.12.2019 01:31 P4thing

Primus, inc., owns all outstanding stock of sonston, inc. for the current year, primus reports net income (exclusive of any investment income) of $576,000. primus has 100,000 shares of common stock outstanding. sonston reports net income of $176,000 for the period with 40,000 shares of common stock outstanding. sonston also has 10,000 stock warrants outstanding that allow the holder to acquire shares at $12.00 per share. the value of this stock was $24 per share throughout the year. primus owns 3,000 of these warrants. what amount should primus report for diluted earnings per share?

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