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During the current year, Tseng Corporation had 3.27 million shares of common stock outstanding. $5,045,000 of 5% convertible bonds were issued at face amount at

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During the current year, Tseng Corporation had 3.27 million shares of common stock outstanding. $5,045,000 of 5% convertible bonds were issued at face amount at the beginning of the year. Tseng reported income before tax of $4.36 million and net income of $3.27million for the year. The bonds are convertible into 634,000 shares of common. What is diluted EPS (rounded)? Multiple Choice $090 507 $0.89 $1.06

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