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Title: A firm had 8,000 common shares outstanding at the end of the current period and earned $8,000 Post by: jcarter on Aug 31, 2018 A firm had 8,000 common shares outstanding at the end of the current period and earned $8,000
that period (net of tax). Also, options to purchase 5,000 shares at $5 each were outstanding all year. For the entire year the firm had $20,000 of 6% debt and $10,000 of 8% debt outstanding. The 8% debt is convertible into 500 common shares. The firm earns interest at 7 percent and has a 50 percent tax rate. The diluted earnings per share for the current year should be (rounded to the nearest cent): A) $1.00 B) $.68 C) $.69 D) $.72 Title: A firm had 8,000 common shares outstanding at the end of the current period and earned $8,000 Post by: hauser27584 on Aug 31, 2018 Content hidden
Title: A firm had 8,000 common shares outstanding at the end of the current period and earned $8,000 Post by: jcarter on Aug 31, 2018 Thank you
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