Calculate the basic and diluted earnings per share for Etta. C. The profit after tax for Barstead for the year ended 30 September 2009 was $15 million. At 1 October 2008 the company had in issue 36 million equity shares and a $10 million 8% convertible loan note. The loan note will mature in 2010 and will be redeemed at par or converted to equity shares on the basis of 25 shares for each $100 of loan note at the loan-note holders' option. On 1 January 2009 Barstead made a fully subscribed rights issue of one new share for every four shares held at a price of $2.80 each. The market price of the equity shares of Barstead immediately before the issue was $3-80. The earnings per share (EPS) reported for the year ended 30 September 2008 was 35 cents. Barstead's income tax rate is 25%. Required: Calculate the (basic) EPS figure for Barstead (including comparatives) and the diluted EPS (comparatives not required) that would be disclosed for the year ended 30 September 2009. Page 1 of 3 (10 marks)