Exercise 17-9 In 2019, Wildhorse Ltd. issued $40,000 of 7% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $75,500 and expenses of $36,300 for 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,400 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) x Your answer is incorrect. Try again. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) 6.19 Diluted earnings per share LINK TO TEXT x Your answer is incorrect. Try again. Assume that the 40 bonds were issued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) 15.48 Diluted earnings per share LINK TO TEXT x Your answer is incorrect. Try again. Assume the bonds were issued in 2019. Assume that 6 of the 40 bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) 6.45 Diluted earnings per share