Question: 4 [4 points] Text Tech has basic earnings per share (EPS) of $3.33, calculated as $4,830,200 1,450,000. The capital structure of the company includes bonds

4 [4 points] Text Tech has basic earnings per share (EPS) of $3.33, calculated as $4,830,200 1,450,000. The capital structure of the company includes bonds payable, convertible into 750,000 common shares at the investor's option. Bond interest of $440,000 was paid but bond interest expense was $420,000. The tax rate is 50%

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