During the current year east corporation had 5 million

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During the current year, East Corporation had 5 million shares of common stock outstanding. 2,900, $1,000, 6% convertible bonds were issued at face amount at the beginning of the year. East reported income before tax of $9 million and net income of $5.4 million for the year. Each bond is convertible into 10 shares of common stock. What is diluted EPS?

Reference no: EM13569081

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