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ASAP PLS TY ** ONLY CORRECT ANSWERS Sunland Co. had 203000 shares of common stock, 20800 shares of convertible preferred stock, and $600000 of 11%
ASAP PLS TY ** ONLY CORRECT ANSWERS
Sunland Co. had 203000 shares of common stock, 20800 shares of convertible preferred stock, and $600000 of 11% convertible bonds outstanding during 2025 . The preferred stock is convertible into 41000 shares of common stock. During 2025, Sunland paid dividends of $0.55 per share on the common stock and $1.70 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. Sunland's net income for 2025 was $356000 and its income tax rate was 25%. Diluted earnings per share for 2025 is $1.26.$1.50.$1.56.$1.32 Step by Step Solution
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