Diluted EPS Assignment

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oil services corp. reports the following data in its 2012 annual report (in millions except per share data) net income $1,218; the weighted number of shares outstanding is 586million (basic). Firm also has 5 million warrants outstanding (one warrant gives a right to buy one common share at a future date for a pre-specified price) The firm does not have any preferred sticks.

1) calculate the diluted EPS

2) what formulas were used. Get Finance homework help today