An analyst gathered the following information about a company: 2,500,000 shares outstanding at the beginning of the
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Question:
An analyst gathered the following information about a company:
- 2,500,000 shares outstanding at the beginning of the year
- 2,000,000 weighted average number of shares outstanding for the year
- $40 average stock price for the period
- $50 ending stock price
- 1,000,000 warrants outstanding exercisable at $30 per share
- 100,000 7%, $1000 par value convertible bonds (conversion ratio 15 to 1) issued 2 years ago
- $5,000,000 net after tax income for the year
- 30% tax rate
What is the Diluted EPS?
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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