Question: Co . B had $ 1 , 0 0 0 , 0 0 0 , 6 % bonds issued at par outstanding on September 3

Co. B had $1,000,000,6% bonds issued at par outstanding on September 30,2024. Each $1,000 bond is convertible to 5 common shares. Co. B's tax rate for 2024 was 25%. How will the denominator for diluted EPS be adjusted using the If-Converted method?

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