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(5 points) Deehan Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000. 20-year, 9% bonds issued at par

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(5 points) Deehan Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000. 20-year, 9% bonds issued at par in 2019. Each $1,000 bond is convertible into 30 shares of common stock after 9/23/22. During the year 2021, the corporation earned $900,000 after deducting all expenses. The tax rate was 30%. Instructions a. Compute basic earnings per share b. Compute diluted earnings per share c. Which of the above should be reported

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