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At December 31, 2016, the financial statements of Hollingsworth Industries included the following: Net income for 2016 $ 630 million Bonds payable, 10%, convertible into

At December 31, 2016, the financial statements of Hollingsworth Industries included the following:

Net income for 2016 $ 630 million
Bonds payable, 10%, convertible into 51 million shares of common stock $ 200 million
Common stock:
Shares outstanding on January 1 300 million
Treasury shares purchased for cash on September 1 30 million

Additional data:
The bonds payable were issued at par in 2014. The tax rate for 2016 was 40%.

Required:

Compute basic and diluted EPS for the year ended December 31, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Numerator / Denominator = Earnings per share
Basic / =
Diluted / =

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