Assuming that Luther has no convertible bonds outstanding,then for the year ending December 31,2009 Luther's diluted earnings per share are closest to:
A)$1.01
B)$1.04
C)$1.28
D)$1.33

Question

Quizplus · Accepted Answer

A)Diluted EPS = Net Income/(shares outstanding + options contracts outstanding + shares possible from convertible bonds outstanding)= 10.6/(10.2 + 0.3 + 0.0)= $1.01

Assuming That Luther Has No Convertible Bonds Outstanding,then for the Year