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A company had 50,000 common shares and the following 3 convertible securities outstanding the entire year: 1.6%,$100 par cumulative preferred shares,200 shares outstanding,each convertible into 5 common shares
2) 200,6% convertible bonds,face $1,000,each bond convertible into 40 common shares
3) 2,000 stock options to purchase one common share each at $40.
The company earns interest at 6%.Its net income after tax income was $75,000.The tax rate is 40%.What is the diluted EPS (rounded to the nearest cent) ?
Social Media
Digital platforms and technologies that enable users to create, share content or participate in social networking.
Problem Solving
The process of identifying a challenge or obstacle and developing strategies or solutions to overcome or navigate it.
Enterprise Social Media
Online platforms used within companies to facilitate collaboration, communication, and information sharing among employees.
Telus
A Canadian telecommunications company that provides a variety of products and services, including internet access, voice, entertainment, healthcare, video, and IPTV television.
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