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3. At January 1, 2017 the Leon White Company had 400,000 shaes of com ovember outstanding. The only 2017 common stock related transaction oas $2,565,00

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3. At January 1, 2017 the Leon White Company had 400,000 shaes of com ovember outstanding. The only 2017 common stock related transaction oas $2,565,00 2017 when White sold an additional 100,000 shares. Net income the income tax rate was 40%. f common stock occurred on November 1, for 2017 was $ hite had the owing securities on its books for the year ended December 31, 2017 ares of $100 par 10% nonconvertible, cumulative preferred stock. Stock was securiti (a) 20,000 sh sold at 102 ( b) 30,000 shares of 8% convertible cumulative preferred stock, par $100, sold at 110 Each (c) $2,000,000 face value (d) $3,000,000 face value of 6% convertible bonds payable sold at par. Each $1,000 bond is (e) Options to purchase 10,000 common stock shares were issued Jan. 1, 2017. Option price share of preferred stock is convertible into two shares of common. of 8% nonconvertible bonds payable sold at par. convertible into 20 shares of common. was $30 per share; market value at end of year, $40; average market value Jan. 1 to December 31, 2017, $35. Compute the required EPS figure(s) for 2017

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