ABC Company reported a net income of 45 million for the year ended 30th June 2023. The

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ABC Company reported a net income of 45 million for the year ended 30th June 2023. The company had a weighted average of 60 million shares of common stock outstanding. In addition, the company has only one potentially dilutive security: a total number of 1 million convertible bonds with a face value of $100 each and a coupon rate of 5%. Each convertible bond can be converted into 15 common shares. Assume a tax rate of 30%.

Calculate ABC's basic and diluted EPS.

Posted Date: May 18, 2024 09:15 PM

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ABC Company reported a net income of 45 million for the year ended 30th June 2023. The

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