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(8 minutes) Bryson Company has a complex capital structure with $1,000,000 4% convertible bonds (convertible into 10,000 shares) when the tax rate is 20%. Net

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(8 minutes) Bryson Company has a complex capital structure with $1,000,000 4% convertible bonds (convertible into 10,000 shares) when the tax rate is 20%. Net income is $304,000 and the weighted average common shares outstanding are equal to 80,000. Bryson will report the following earnings per share (rounded): O Basic $3.80 and Diluted 5-0 Basic $3.80 and Diluted $3.80. Basic $3.80 and Diluted 3.73. Basic $3.80 and Diluted $3.20

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