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Help and thank you. During the current year, High Corporation had 4.4 million shares of common stock outstanding. $7,125,000 of 13% convertible bonds were issued
Help and thank you.
During the current year, High Corporation had 4.4 million shares of common stock outstanding. $7,125,000 of 13% convertible bonds were issued at face amount at the beginning of the year. High reported income before tax of $5.4million and net income of $4.4 million for the year. The bonds are convertible into 765,000 shares of common. What is diluted EPS (rounded)? Multiple Choice $1.00 $1.03 $2.11 \$1.17 Step by Step Solution
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