During 2021, Falwell Inc. had 610,000 shares of common stock and 61,000 shares of 9% cumulative preferred stock outstanding. The

Question

3 years ago

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During 2021, Falwell Inc. had 610,000 shares of common stock and 61,000 shares of 9% cumulative preferred stock outstanding. The

preferred stock has a par value of $100 per share. Falwell did not declare or pay any dividends during 2021. Falwell's net income for the year ended December 31, 2021, was $3.6 million. The income tax rate is 25%. Falwell granted 15,500 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 31 shares of common stock at an exercise price of $40 per share. The options vest after one year. The market price of the common stock averaged $41 per share during 2021. What is Falwell's basic earnings per share for 2021, rounded to the nearest cent

Business

1 answer:

Korvikt [17] · Answer 1 · 2022-10-05T14:28:42+03:00

Korvikt [17]3 years ago

6 0

Explanation:

I dont k ow and I dont care