Question: Please answer using Excel and leaving step by step instructions for calculations, thank you! 2. The following information is available on a company for the

Please answer using Excel and leaving step by step instructions for calculations, thank you!
 Please answer using Excel and leaving step by step instructions for

2. The following information is available on a company for the current year: Net income Average number of common shares outstanding $1,000,000 100,000 Details of convertible securities outstanding Convertible preferred shares outstanding o Dividend/share o Each preferred share is convertible into five shares of common stock 2,000 $10 $80,000 Convertible bonds, $100 face value per bond o 8% coupon o Each bond is convertible into 25 shares of common stock 40% Corporate tax rate What is the company's basic & diluted EPS

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