15.

Question 15 3.4 points Save Anske On January 2 2021. Swisher Co. issued at face value $23.000 of 4% bonds convertible in total into 1600 shares of Swisher's common stock. No bonds were converted during 2021. Throughout 2021, Swisher had 1600 shares of common stock outstanding. Swishers 2021 net income was $5000. Swisher's income tax rate is 30%. No potential common shares other than the convertible bonds were outstanding during 2021. Swisher's diluted earnings per share for 2021 would be: 53.13 51.76 $1.56 51.85