On 1/1/16 a firm had 200,000 shares of common stock issued and outstanding
3/1 another 300,000 issued
5/1 a 10% stock dividend declared
7/1 10,000 shares of treasury stock acquired
10/31 2 for 1 stock split
12/31 added 20,000 new shares issued
A) What is the weighted average number of shares of common stock for the year?
B) Assume company had issued stock options that can be exchanged for 50,000 shares of common stock for $10/sh. Market price is $12/sh. Par value is $5 per sh. NI = 400,000 and the tax rate is 40%. What is the diluted EPS?