Find what is anonymous corp diluted eps for fiscal year

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For the year ended 12/31/2013, Anonymous Corp. reported Net Income of $100,000, including $10,000 of Interest Expense on convertible debt. Anonymous had 10,000 common shares outstanding throughout 2013. Anonymous paid $4,000 of preferred dividends during 2013. Anonymous' convertible debt is convertible into 2,000 shares of common stock. Anonymous is a US company with a 35% Federal Statutory Tax Rate.

Problem 1: What is Anonymous Corp.'s Diluted EPS for fiscal year 2013?

Option 1: $8.54

Option 2: $8.83

Option 3: $8.29

Option 4: $7.17

Option 5: $7.46

Reference no: EM132819205

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