January 1 : Beginning Balance 1 0 0 , 0 0 0 shares. April 1 : Issued
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Question:
January : Beginning Balance shares.
April : Issued for cash.
July : Buyback shares.
November : Issued shares for cash.
On December the company reported a $ net income. The company does not sell preferred stock. There are stock options outstanding for shares at an option price of $ per share. The current market price for the stock is $ per share. The company sold $ in convertible bonds. Each bond has a face value of $ and is convertible into shares of common stock. The company is in a tax bracket.
Required:
Calculate the weighted average number of shares.
Calculate the earnings per share.
Calculate the diluted earnings per share.
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