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40. Assume a company has the following: - net income of $750,000 - an average of 690,000 shares of common stock outstanding - $50,000 of

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40. Assume a company has the following: - net income of $750,000 - an average of 690,000 shares of common stock outstanding - $50,000 of 6% convertible bonds outstanding that are convertible into a total of 10,000 shares - no other potentially dilutive securities - An effective tax rate is 30% Calculate the company's basic EPS Diluted EPS

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