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Four years ago, Wade Corporation granted incentive stock options to purchase 28,000 of its common shares at $7 each. The options are exercisable...

Four years ago, Wade Corporation granted incentive stock options to purchase 28,000 of its common shares at $7 each. The options are exercisable beginning this year. The market price of common shares averaged $10 per share during the year. There was no change in the 250,000 shares of outstanding common stock during the year. What is the number of shares to be used in computing diluted earnings per share for the year?

  

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