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4. For its fiscal year-end, Firm A reported a net income of $200 million and a weighted average of 50 million common shares outstanding. There
4. For its fiscal year-end, Firm A reported a net income of $200 million and a weighted average of 50 million common shares outstanding. There are 2 million convertible preferred shares outstanding that paid an annual dividend of $5. Each preferred share is convertible into five shares of the common stock Firm A also has $500 million of 10% convertible bonds outstanding that are convertible into a total of 10 million shares. The tax rate for the company is 30%. The company paid $5 million in dividends to preferred (non-convertible) shareholders. What is the diluted EPS
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