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What is Rudyard diluted EPS

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Reference no: EM132952898

Question - Rudyard Corporation had 150,000 shares of common stock and 15,000 shares of 6%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $500,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%. Each share of preferred stock is convertible into four shares of common stock. What is Rudyard's diluted EPS (rounded)?

Reference no: EM132952898

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