On December 31, 2017 Berclair Inc. had 500 million shares of common stock and 19 million shares of 9%, 100 par value cumulative preferred stock issued and outstanding. On March 1 2018 Barclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 4 % common stock dividend on July 1 2018. 4 million treasury shares were sold on October 1. Net income for the year ended December 31, 2018 was 950 million. Also outstanding at December 31 were 72 million incentive stock options granted to key executives on september 13, 2013. The options were exercisable as of September 13, 2017, for 72 million common shares at an exercise price of $60 per share. During 2018, the market price of the common shares averaged $90 per share. The options were exercised on September 1, 2018. Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2018.
On December 31, 2017 Berclair Inc. had 500 million shares of common stock and 19 million shares of 9%, 100 par value cumulative
Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2018.
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