Current Attempt in Progress

Sandhill Co$.$ ?had $190000$ ?shares of common stock, $19500$ ?shares of convertible preferred stock, and $$609000$ ?of $12\%$

convertible bonds outstanding during $2025.$ ?The preferred stock is convertible into $39000$ ?shares of common stock.

During $2025,$ ?Sandhill paid dividends of $$0\mathrm{.}54$ ?per share on the common stock and $$1\mathrm{.}70$ ?per share on the preferred

stock. Each $$1,000$ ?bond is convertible into $45$ ?shares of common stock. Sandhill's net income for $2025$ ?was $$354000$

and its income tax rate was $30\%.$

Basic earnings per share for $2025$ ?is

$$1\mathrm{.}69.$

$$1\mathrm{.}53.$

$$1\mathrm{.}29.$

$$1\mathrm{.}49.$

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