XYZ Inc earned net income of $248,120 during the current fiscal year and had 82,710 common...
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XYZ Inc earned net income of $248,120 during the current fiscal year and had 82,710 common shares outstanding throughout the year. Also outstanding all year were $661,650 carrying value of 8.17%-coupon bonds convertible into 21,510 common shares in total. The company's tax rate is 23,75%. Ignoring the IFRS requirement to record the debt and equity components of the bonds separately, what is the company's fully diluted earnings per share? a $2.85 b. $2.78 c. $2.92 d. $3.05 e. $2.98 XYZ Inc earned net income of $248,120 during the current fiscal year and had 82,710 common shares outstanding throughout the year. Also outstanding all year were $661,650 carrying value of 8.17%-coupon bonds convertible into 21,510 common shares in total. The company's tax rate is 23,75%. Ignoring the IFRS requirement to record the debt and equity components of the bonds separately, what is the company's fully diluted earnings per share? a $2.85 b. $2.78 c. $2.92 d. $3.05 e. $2.98
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
Posted Date:
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