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During the current year, Illini had 2 million shares of common stock outstanding 3,800,5% convertible bonds, each with $1000 face wil, were and at face
During the current year, Illini had 2 million shares of common stock outstanding 3,800,5% convertible bonds, each with $1000 face wil, were and at face amount at the beginning of the year in reported income before tax of $5 million and net income of $3 million for the yow. Each hand is convertible into the of common stock. What is diluted EPS? (Round your answer to 2 decimal places. Do not round your intermediate calculations) Multiple Choice $150 O $1.52 SUAR O $155
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