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At the beginning of the year, a firm issued (1)$100,000 of 5% bonds (at face value)convertible into a total of 2,000 of the firm's common shares, and (2)$1,000, $9 cumulative preferred shares convertible into a total of 1,000 of the firm's common shares.The tax rate is 40%.There were no conversions during the year; the firm earned $100,000, and had 20,000 common shares outstanding the entire year.Compute basic EPS and diluted EPS.
Hospitals
Healthcare institutions providing patient treatment with specialized medical and nursing staff and medical equipment.
Economic Development
The process by which a nation improves the economic, political, and social well-being of its people, often measured by increases in per capita income and quality of life.
Reconstruction
The period following the Civil War (1865-1877) during which the United States attempted to address the issues arising from the readmission to the Union of the 11 states that had seceded.
Northern Investors
Businesspersons or companies from the northern United States who invested capital, especially in the development of the southern states and various industries.
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