$20.$

Sandhill Corporation had net income for the year of $$724000$ and weighted average common shares outs tanding during the period of $251000$ shares. The company also has a convertible bond issue outstanding. The bonds were issuedifour years ago at par of $$3070000.$ carry a $8\%$ interest rate, and are convertible into $50600$ shares of common stock The company has a $15\%$ tax rate. Diluted earnings per share is

$$1\mathrm{.}71.$

$$3\mathrm{.}21.$

$$3\mathrm{.}09.$

$$2\mathrm{.}93.$

Sive for Later

Attempts: $0$ of $1$ used

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