Question: In 2 0 2 4 , Coronado Enterprises issued, at par, 6 0 $ 1 , 0 0 0 , 8 % bonds, each convertible

In 2024, Coronado Enterprises issued, at par, 60$1,000,8% bonds, each convertible into 100 shares of common stock. Coronado had revenues of $18,500 and expenses other than interest and taxes of $9,400 for 2025.(Assume that the tax rate is 20%.) Throughout 2025,2,200 shares of common stock were outstanding; none of the bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2025.(Round answer to 2 decimal places, e.g.2.55.)
Earnings per share $
 In 2024, Coronado Enterprises issued, at par, 60$1,000,8% bonds, each convertible

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