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At the beginning of 2025, Monty Industries had 23,000 shares of comenon stock issued and outstanding and 500 of $1,000,656000 s (issued at par), each

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At the beginning of 2025, Monty Industries had 23,000 shares of comenon stock issued and outstanding and 500 of $1,000,656000 s (issued at par), each convertible into 10 shares of commonstock. During 2025, Monty had revenues of $146,000 and capenses other than interest and taxes of $97,000. Assume that the tax rate is 20%6. None of the bonds was converted or redecmed. (a) Compute diluted earnings per share for 202.5. (Round answer to 2 decimal places es. 2.55) Earnings per share (b) Ascume the same facts as those assumed for part (a), except that the 500 bonds were issued on September 1, 2025 (rather than in a prior year), and none have been corverted or redeemed. Compute diluted earnings per share for 2025 . Round entwer bo 2 decimal ploces, es. 2.55.) Earnings per share (c) Assume the same facts as assumed for part (a), except that 100 of the 500 bonds were actually converted on luly 1, 2025. Compute diluted earnines per share for 2025. (Round answer to 2 decimal places, es. 2.55.) Earnings per strare

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