Reference no: EM132956511
MNC Berhad had recorded RM2,000,000 net income after tax. The company currently has RM4, 000,000 convertible bonds at a 5 percent interest rate that can be converted into 500,000 shares of common stock. Besides, the employees are given an option to
purchase 240,000 outstanding shares at RM20, which can be exercised upon the exercise date. The average market price of the company's stock during the year is RM32. Corporate tax rate is 32 percent.
The following is the partial statement of financial position for MNC Berhad as of December 31st, 2020.
Preferred shares at 6% RM2,800,000
Common stock at RM25 par value
(Authorized 2,500,000 shares and issued 1,000,000 shares) 25,000,000
Paid-in-capital 10,000,000
Retained earnings 3,000,000
Total shareholders' equity RM40,800,000
Problem 1: Calculate:
i) Diluted earnings per share (EPS). Show your workings.
ii) Diluted book value per share (BVPS). Show your workings
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: Calculate Diluted earnings per share (EPS). MNC Berhad had recorded RM2,000,000 net income after tax. The company currently has RM4, 000,000
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