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Bramble corporation earned net income of 275000 in 2017 and had 100000 shares of common stock outstanding through the year. Also outstanding all year was
Bramble corporation earned net income of 275000 in 2017 and had 100000 shares of common stock outstanding through the year. Also outstanding all year was 740000 of 9 percent bonds, which are convertible into 20,000 shares of common. Brambles tax rate is 40 percent. Compute Brambles 2017 diluted earnings per share
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