21. Lindstrom Corp. reported earnings after tax (EAT) of $2,160,000 last year along with basic EPS of

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21. Lindstrom Corp. reported earnings after tax (EAT) of $2,160,000 last year along with basic EPS of $3. All of Lindstrom’s bonds are convertible and, if converted, would increase the number of shares of the firm’s stock outstanding by 15%.

Lindstrom is subject to a total effective tax rate of 40% and has a TIE of 10.

Compute Lindstrom’s diluted earnings per share.

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Practical Financial Management

ISBN: 9780324422634

5th Edition

Authors: William R. Lasher

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Question Posted: Oct 17, 2024 08:03 AM

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21. Lindstrom Corp. reported earnings after tax (EAT) of $2,160,000 last year along with basic EPS of

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Practical Financial Management

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