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(c) The information below pertains to Baraka Power Company for 2019. Net income for the year Tk. 1,200,000 8% convertible bonds issued at par (TK.

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(c) The information below pertains to Baraka Power Company for 2019. Net income for the year Tk. 1,200,000 8% convertible bonds issued at par (TK. 1,000 per bond); each bond is Tk. 2,000,000 convertible into 30 ordinary shares: the liability component of the bonds is Tk. 1,800,000 based on a market rate of 9% 6% convertible, cumulative preference shares, Tk. 100 par value; each Tk. 4,000,000 share is convertible into 3 ordinary shares Ordinary shares, Tk. 10 par value Tk. 6,000,000 Tax rate for 2019 40% Average market price of ordinary shares Tk. 25 per share There were no changes during 2019 in the number of ordinary shares, preference shares, or convertible bonds outstanding. There are no treasury shares. The company also has ordinary share options (granted in a prior year) to purchase 75,000 ordinary shares at Tk. 20 per share. Required: (0) Compute basic earnings per share for 2019. (ii) Compute diluted earnings per share for 2019

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