Question
| Id | 466 |
|---|---|
| Number | 10 |
| Description | For its fiscal year-end, Calvan Water Corporation (CWC) reported net income of USD12 million and a weighted average of 2,000,000 common shares outstanding. The company paid USD800,000 in preferred dividends and had 100,000 options outstanding with an average exercise price of USD20. CWC ’s market price over the year averaged USD25 per share. CWC ’s diluted EPS is closest to: |