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Beta reported $60,000 in net income for the current year. The company had $50,000 of 10% non-convertible preferred stock outstanding all year and $500,000 of
Beta reported $60,000 in net income for the current year. The company had $50,000 of 10% non-convertible preferred stock outstanding all year and $500,000 of 6% convertible bonds outstanding all year. Assuming the convertible bonds are dilutive, determine the numerator of both basic and diluted EPS when the tax rate is 40%
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