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Earn Co had 10 million ordinary shares in issue throughout the year ended 30th June 2017. On 1st July 2016 it had issued 2
Earn Co had 10 million ordinary shares in issue throughout the year ended 30th June 2017. On 1st July 2016 it had issued 2 million of 7% convertible loan stock, each 5 of loan stock convertible into 3 ordinary shares on 1st July 2020 at the option of the holder. Earn Co had profit for the year ended 30th June 2017 of 3,600,000. It pays tax on profit at 30%. What was diluted earnings per share for the year? O 0.300 O 0.330 O E0.360 0.220
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