During 2021, R Co. had the following two classes of stock issued and outstanding for the entire year: • 520,000 shares of common stock, $1 par. • 3,200 shares of 4% preferred stock, $100 par, convertible share-for-share into common stock. R's 2021 net income was $1,920,000, and its income tax rate for the year was 25%. In the computation of diluted earnings per share for 2021, the amount to be used in the numerator is:

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2