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Bridgeports net income for 2018 was 9360000 and the company was subject to an income tax rate of 20 Both classes of bonds were outstanding

Bridgeports net income for 2018 was 9360000 and the company was subject to an income tax rate of 20 Both classes of bonds were outstanding the entire year as were the preferred shares The weightedaverage number of common shares outstanding during the period was 3880000 For simplicity ignore the requirement to record the debt and equity portions of the convertible bond separately Calculate Bridgeports basic EPS for 2018 Round answer to 2 decimal places eg 1525 Basic EPS

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Both convertible securities were issued at face value in 2017 There were no conversions during 2020 and Wildhorses income tax rate is 22 The preferred ... blur-text-image

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