Use the Table for the Question(s)below

question 65

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.Luther has convertible bonds outstanding that would allow bondholders to convert their bonds into 700,000 shares of Luther stock.For the year ending December 31,2015 Luther's diluted earnings per share are closest to:

• A)$0.95
• B)$1.01
• C)$1.04
• D)$1.53
• E)$3.92

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