From the following information calculate the basic and diluted earnings per share. Earnings - Net profit attributable to ordinary shareholders $10,000,000 Ordinary shares outstanding 2,000,000 Average fair value of 1 ordinary share during the year $75.00

Potential Ordinary Shares Options 100,000 shares with exercise price of 60.00 Convertible Preference Shares 800,000 shares entitled to a cumulative dividend of $ 8.00 per share. Each preference share is convertible to 2 ordinary shares.

5% Convertible Bond Nominal amount $100,000,000. Each 1,000 bond is

convertible to 20 ordinary shares.

There is no amortization of premium or discount affecting the determination of interest expense. Tax rate is 40%

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