6 points 4.5 EPS Alpha plc had an issued share capital at 1 April 2010 of: 200,000 made up of 20p shares 50,000 1 convertible preference shares classified as equity receiving a dividend of 2.50 per share These shares were convertible in 2016 on the basis of one ordinary share for one preference share. There was also loan capital of: 250,000 10% convertible loans. The loan was convertible in 2019 on the basis of 500 shares for each 1,000 of loan, and the tax rate was 40%. Earnings for the year ended 31 March 2011 were 5,000,000 after tax. Required: a) Calculate the basic EPS b) Calculate the diluted EPS for 2011