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What was the diluted eps for the year

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Question - Pirandello had 10 million ordinary shares in issue throughout the year ended June 30, 2018. On July 1, 2017, it had issued P2,000,000 of 6% convertible loan stock, each P5 of loan stock convertible into 4 ordinary shares on July 1, 2021 at the option of the holder. Pirandello had profit after tax for the year ended June 30, 2018 of P1, 850,000. It pays tax on profits of 30%. What was the diluted EPS for the year?

Reference no: EM132542775

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