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8. Nelson Corp. has the following information available for the year ending 12/31/21: . Common Stock: $5 par, 300,000 shares issued and outstanding all year

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8. Nelson Corp. has the following information available for the year ending 12/31/21: . Common Stock: $5 par, 300,000 shares issued and outstanding all year Convertible Preferred Stock: $20 par, 8%, 100,000 issued and outstanding all year. The full set dividend amount was paid to preferred stockholders in 2021. Each convertible preferred share is convertible into five (5) shares of common stock. Net income for 2021 was $5,000,000 0 What should Nelson report as its diluted EPS for 2021? Round to the nearest penny. A. $6.05 B. $6.25 C. $9.68 D. $10.00 E. $16.13 F. $16.67

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