Gradebook ORION Downloadable eTextbook CALCULATOR PRINTER VERSION BACK NEXT Question 2 Sheridan Company had net income for the year of $728000 and a weighted average number of common shares outstanding during the period of 248000 shares. The company has a convertible bond issue outstanding. The bonds were issued four years ago at par (52900000), carry a 8% interest rate, and are convertible into 50800 shares of common stock. The company has a 45% tax rate. Diluted earnings per share are (rounded to the nearest penny) $2.72 $3.21 $2.01. $2.86. Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER MacBook Pro Search or type URL