Question: please type the answer no written or excel Please use the following information to answer problems:34 38. Common stock outstanding = 1,000,000 shares employee stock

please type the answer no written or excel Please use the followingplease type the answer no written or excel

Please use the following information to answer problems:34 38. Common stock outstanding = 1,000,000 shares employee stock options = option to purchase 100,000 shares at $20; average market price = $40 Preferred stock = 500,000 shares Convertible bonds = $5,000,000, 7% convertible to 200,000 shares Net income = $3,000,000 Preferred dividends = $20,000 Tax rate = 40% Assuming convertible bonds outstanding only what is the diluted earnings per share

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