Question: Juno Co. is a publicly accountable entity with a December 31 year end. Select financial information for its latest fiscal year, December 31, is as
Juno Co. is a publicly accountable entity with a December 31 year end. Select financial information for its latest fiscal year, December 31, is as follows: Incremental EPS Basic EPS ($1,600,000 / 900,000) $1.77 Convertible bonds, 5.3%, each $1,000 bond was issued at par in a previous year and is convertible into 20 common shares $20,000,000 $1.72 Stock options, $12 exercise price 140,000 $0 Average market price of the entity's common shares $32 Tax rate 35% What is Juno's diluted EPS for the year ended December 31? A $1.65 B $1.76 C $1.62 D $1.68
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