hard · Financial Accounting liabilities-bonds-payable
A firm reports Net Income of 10,000,000 for the fiscal year with no preferred dividends. There are 2,000,000 weighted-average common shares outstanding. The firm has20,000,000 in 5% convertible bonds (convertible into 500,000 shares) and 200,000 employee stock options with an exercise price of 30. The average market price of the stock during the year was40.
Assuming a tax rate of 25%, what is the reported diluted Earnings Per Share (EPS)?
- $4.300
- $4.314
- $4.216
- $4.878
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