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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%

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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 Basic EPS (round off to three decimal digits). For example, if your answer is 2.2655696, enter 2.266 in the box below

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