92 major corporation had 50 000 shares of common stock outstanding during 2016 with 4313627

92 major corporation had 50 000 shares of common stock outstanding during 2016 with 4313627

92.Major Corporation had 50,000 shares of common stock outstanding during 2016 with the following characteristics:

Par value per share

$10

Average market value per share

50

Market value per share on 12/31/2016

60

The company also has compensatory share options to purchase 5,000 shares of common stock at $40 a share during the year. The unrecognized compensation cost (net of tax) related to these share options is $5 per share. Net income for the year was $60,600.

?

Required:
Compute the basic and diluted earnings per share for Major Corporation.

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