Vickrey Technology Has Had Net Income of $1,500,000 in the Current

question 80

Multiple Choice

Vickrey Technology has had net income of $1,500,000 in the current fiscal year. There are 1,000,000 shares of common stock outstanding along with convertible bonds, which have a total face value of $8 million. The $8 million is represented by 5,000 different $1,000 bonds. Each $1,000 bond owes and pays 4% interest. The conversion ratio is 30. The firm is in a 21% tax bracket. What is Vickrey's "diluted earnings per share?"

• A) $1.44
• B) $1.81
• C) $2.00
• D) $1.30

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Definitions:

Neuman Systems Model

A comprehensive nursing theory that emphasizes the relationship between a client's response to potential or actual environmental stressors and the use of primary, secondary, and tertiary nursing prevention intervention for retention, attainment, or maintenance of optimal client system wellness.

Normal Line

A term that can refer to a standard or expected level of performance, or in mathematics, a straight line that conforms to its defined or understood parameters.

Defense

Actions or strategies designed to protect oneself or property from attack or harm.

Crisis Intervention Services

Services designed to provide immediate, short-term help to individuals who experience an event that generates emotional, mental, physical, and behavioral distress or problems.