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Business, 23.04.2020 04:56 kluke7170

Manchester Corporation had 100,000 shares of common stock outstanding and 5% bonds with a face value of $1,000,000 outstanding throughout the current year. The bonds are convertible into 150,000 common shares. Net income for the current year was $212,500 with a 25% tax rate. What is the amount of the diluted EPS for the current year

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Manchester Corporation had 100,000 shares of common stock outstanding and 5% bonds with a face value...
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