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Question: novak corporation reported net income of 445050 in 2017 and...

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Novak Corporation reported net income of $445,050 in 2017 and had 198,000 shares of common stock outstanding throughout the year. Also outstanding all year were 45,000 options to purchase common stock at $12 per share. The average market price of the stock during the year was $15.

Compute diluted earnings per share.

I have done 445,050/243000 but it is incorrect.

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