Question: Executrain has 50,000, 6%, bonds outstanding for the second half of the year. Each $1,000 bond, sold July 1 at par, is convertible into 2

Executrain has 50,000, 6%, bonds outstanding for the second half of

Executrain has 50,000, 6%, bonds outstanding for the second half of the year. Each $1,000 bond, sold July 1 at par, is convertible into 2 shares of common stock. The corporate tax rate is 40%. What is the incremental income per common share? A. $1.20 B. $9.00 C. $30.00 D. $18.00

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