Question: 3 . At January 1 , 2 0 2 7 the Leon White Company had 4 0 0 , 0 0 0 shares of common
At January the Leon White Company had shares of common stock outstanding. The only common stock related transaction occurred on November when White sold an additional shares. Net income for was $; the income tax rate was
White had the following securities on its books for the year ended December :
a shares of $ par nonconvertible, cumulative preferred stock. Stock was sold at
b shares of convertible, cumulative preferred stock, par $ sold at Each share of preferred stock is convertible into two shares of common.
c $ face value of nonconvertible bonds payable sold at par.
d $ face value of convertible bonds payable sold at par. Each $ bond is convertible into shares of common.
e Options to purchase common stock shares were issued Jan. Option price was $ per share; market value at end of year, $; average market value Jan. to December $
Compute the required EPS figures for
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