No stock splits or stock dividends and tax rate

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Reference no: EM131287967

Use the following info to calculate diluted EPS:

- The company’s net income = $350,000. Common shares outstanding throughout the year 275,000. No stock splits or stock dividends and tax rate is 30%.

- Each of the company’s 500 employees have 120 stock option warrants. Each option has an exercise price of $25 per share.

- The company has 700 shares of cumulative 7.25% preferred stock. The $100 par value is convertible to 7 shares of common stock.

- The company has $150,000 in convertible bonds. Bonds were issued at par with a yield of 7%. Each $1,000 can be converted to 45 shares of CS. The stock price for the company had an average of $32 throughout the year.

Reference no: EM131287967

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