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Business, 18.03.2021 01:50 AphEngland

Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $420,000 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)

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Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible...
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