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2.Thank you!!! CH Holdings Inc. has net earnings of $5,526,000 for the year ended 31 December 20X5. It has convertible bonds currently outstanding with a

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CH Holdings Inc. has net earnings of $5,526,000 for the year ended 31 December 20X5. It has convertible bonds currently outstanding with a face value of $14,926,000 and a book value of $7,899,852 at 1 January, 20X5. The bonds have a coupon interest of3.50% payable semi-annually on 30 June and 31 December. The effective interest rate on similar bonds with no conversion option a the time of issue was 13.50%. The bonds have a conversion price of $68 per share. The weighted average number of shares outstanding for the year was 1,360,000. CH's income tax rate is 28%. Required: Compute the basic and diluted EPS for CH Holdings Inc. (Do not round intermediate calculations and round your answer to 2 decimal places.) Basic EPS Diluted EPS

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