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Carla Vista Corporation had net income for the year of $714000 and weighted average common shares outstanding during the period of 258000 shares. The company

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Carla Vista Corporation had net income for the year of $714000 and weighted average common shares outstanding during the period of 258000 shares. The company also has a comvertible bond issue outstanding The bonds were issued fouryears ago at par of $2900000, carry a 6% interest rate, and are convertible into 50500 shares of common stock. The company has a 1536 tax rate. Diluted earnings per share is $279. 3184 $2.67 $288

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