What Is Falwell's Diluted Earnings Per Share for 2009, Rounded

Multiple Choice

What is Falwell's diluted earnings per share for 2009, rounded to the nearest cent?

A) $3.14.
B) $4.90.
C) $4.34.
D) Cannot determine from the given information.The computation ($ in 000's) is as follows:
*10,000 options 20 shares/option = 200,000 shares;
Proceeds = 200,000 $29 = $5,800,000
$5,800,000 / $30 per share = 193,333 shares of treasury stock
Net shares added = 200,000 193,333 = 6,667