Marlboro Corporation has 9% convertible preferred stock outstanding. It declared preferred dividends of $5,625 during the...
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Marlboro Corporation has 9% convertible preferred stock outstanding. It declared preferred dividends of $5,625 during the year. The preferred shares are convertible into 4,500 shares of common stock. Compute the impact of these convertible preferred shares on Marlboro's diluted earnings per share. Round your answer to two decimal places. per share Marlboro Corporation has 9% convertible preferred stock outstanding. It declared preferred dividends of $5,625 during the year. The preferred shares are convertible into 4,500 shares of common stock. Compute the impact of these convertible preferred shares on Marlboro's diluted earnings per share. Round your answer to two decimal places. per share
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