CFA Level I sample question

CFA Level I Earnings per Share question

Financial Statement Analysis / Earnings per Share

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Earnings per Share sample question

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Financial Statement Analysis

Earnings per Share

Loremont Systems reports net income of USD 1,320,000, has 500,000 weighted-average common shares outstanding, and pays no preferred dividends. It has 90,000 employee stock options outstanding all year with an exercise price of USD 32; the average market price of the stock during the year was USD 48. Diluted EPS is closest to:

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