ABC Company has a ($ 14) million convertible bond outstanding that requires payment of ($ 1.2) million
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ABC Company has a \(\$ 14\) million convertible bond outstanding that requires payment of \(\$ 1.2\) million in interest annually. Interest expense is \(\$ 1.35\) million. Why is interest expense different than the interest paid? For the purposes of diluted EPS, which interest figure is relevant?
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