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divine just corporation (dji) is a canadian publicly traded company with a december 31 year ond information about its capital structu common shares issued and
divine just corporation (dji) is a canadian publicly traded company with a december 31 year ond information about its capital structu common shares issued and outstanding 1,100,000 debt with a face value of $2,500,000 and a coupon rate of 4% is convertible into common shares at the option of the holder 1ach $100 bod live common shares these bonds were issued at par 27,000 class b non-cumulative preferred shares are convertible at the option of the holder into two common shares for each prelimed the the dividend is $3.00 per share the ceo of di holds options to acquire 220,000 common shares at an option price of $6.00 per share.
Current year activities
-dividends of $4.00 and $0.90 were declared on the preferred shares and common shares, respectively
-after-tax net earnings were $1,900,000
-the average market price of dji's common shares was $6 per share.
-dji's income tax rate is 30%
Required: determine basic and diluted eps for dji
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