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Assume a company has the following: - net income of $ 6 5 0 , 0 0 0 - an average of 4 0 0

Assume a company has the following:
-net income of $650,000
-an average of 400,000 shares of common stock outstanding
-$50,000 of 6% convertible bonds outstanding that are convertible into a total of 10,000 shares
-no other potentially dilutive securities
-An effective tax rate is 30%
Calculate the company's Diluted EPS.

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