task due on 11/26/2013 at 7am

Project Description:

at january 1 and december 31 2005, candyland corporation has the following securities outstanding:? 1,000,000,000 shares

5% convertible bonds, $1.000 face amount (issued at 100) convertible into 30 million shares of common stock

10 million 8% cumulative preferred shares, $40 par value, convertible into 20 million shares of common stock

20 million 6% convertible preferred stock, $50 par value, convertible into 30 million shares of common stock

100 million options to buy common stock at $30 per share

150 million options to buy common stock at $35 per share

800 million shares of common stock, $20 par value

net income for 2005 was $1,600 million and the tax rate was 25%

candyland has paid all preferred dividends

common stock prices :
average for the year $40
closing price for the year $32

show work
1. calculate basic eps
2. calculate diluted eps
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Project Stats:

Price Type: Negotiable

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