Your Answer Correct Answer (Used) Your answer is corect. Carla Vista Co. had 203000 shares of common stock, 19300 shares of convertible preferred stock, and $1580000 of 4% convertible bonds outstanding during 2025. The preferred stock is convertible into 39800 shares of common stock. During 2025, Carla Vista paid dividends of $0.80 per share on the common stock and $3 per share on the preferred stock. Each $1000 bond is convertible into 30 shares of common stock. Carla Vista's net income for 2025 was $607000 and its income tax rate was 40%. Diluted earnings per share for 2025 was $2.09.

Carla Vista Co. had 203000 shares of common stock, 19300 shares of convertible preferred stock, and $1580000 of 4% convertible bonds outstanding during 2025. The preferred stock is convertible into 39800 shares of common stock. During 2025. Carla Vista paid dividends of $0.80 per share on the common stock and $3 per share on the preferred stock. Each $1000 bond is convertible into 30 shares of common stock. Carla Vista's net income for 2025 was $607000 and its income tax rate was 40%. Diluted earnings per share for 2025 was