Question: Sarasota Corporation has 9 convertible bonds outstanding It recorded interest

Sarasota Corporation has 9% convertible bonds outstanding. It recorded interest expense (net of income taxes) of $6,300 on these bonds during the year. The bonds are convertible into 2,500 shares of common stock. Compute the impact of these convertible bonds on Sarasota's diluted earnings per share.

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  • CreatedOctober 05, 2015
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