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At December 31, 2020, Bramble Corp. had 1190000 shares of common stock outstanding. On October 1, 2021, an additional 407000 shares of common stock
At December 31, 2020, Bramble Corp. had 1190000 shares of common stock outstanding. On October 1, 2021, an additional 407000 shares of common stock were issued. In addition, Bramble had $14100000 of 6% convertible bonds outstanding at December 31, 2020, which are convertible into 806000 shares of common stock. No bonds were converted into common stock in 2021. The net income for the year ended December 31, 2021, was $5240000. Assuming the income tax rate was 28%, what should be the diluted earnings per share for the year ended December 31, 2021, rounded to the nearest penny? O $4.04 O $2.90 O $2.79 O $2.21
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