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114.Assume a company had net income of $20,000 and 8,000 common shares were outstanding the entire year. Also assume there were 2 convertible securities outstanding

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114.Assume a company had net income of $20,000 and 8,000 common shares were outstanding the entire year. Also assume there were 2 convertible securities outstanding the entire year: Effect of Assumed Conversion Numerator Denominator #1 $8.000 6,000 #2 1 2.000 5,000 What is the diluted EPS? (Rounded to the nearest cent) A. $2.50 B. $2.40 C. $2.11 D. $2.00

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