AAM has a complex capital structure. Net income available to common shareholders this year is $1.378.500 and, for basic EPS. the weighted average common shares outstanding is 234,000. AAM also has preferred shareholders that who able to convert their preferred shares to 48,000 common shares (but have not done so). They preferred shareholders have claim to a $20,000 declared cash dividend. AAM has an outstanding bond, Bond A, that was sold at face value of $250,000 with an 8% annual coupon rate. Those bonds are convertible to 24,000 shares of common stock (but were not converted). Finally, AAA also has Bond B, sold at face value of $1,000,000 with a 10% coupon rate. Those bonds are convertible to 25,000 shares of common stock (but were not converted). AAM's statutory tax rate is 30%. What is AAM's diluted earnings per share? O A $5.89 O B $5.34 o c $4.12 O D $ 4.48 O E $4.94 AAM has a complex capital structure. Net income available to common shareholders this year is $1.378.500 and, for basic EPS. the weighted average common shares outstanding is 234,000. AAM also has preferred shareholders that who able to convert their preferred shares to 48,000 common shares (but have not done so). They preferred shareholders have claim to a $20,000 declared cash dividend. AAM has an outstanding bond, Bond A, that was sold at face value of $250,000 with an 8% annual coupon rate. Those bonds are convertible to 24,000 shares of common stock (but were not converted). Finally, AAA also has Bond B, sold at face value of $1,000,000 with a 10% coupon rate. Those bonds are convertible to 25,000 shares of common stock (but were not converted). AAM's statutory tax rate is 30%. What is AAM's diluted earnings per share? O A $5.89 O B $5.34 o c $4.12 O D $ 4.48 O E $4.94