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help me please Paltel Group has the following Earnings and Securities: Net income for 2020 $450,000 Weighted average common shares outstanding during 2020 100,000 1.
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Paltel Group has the following Earnings and Securities: Net income for 2020 $450,000 Weighted average common shares outstanding during 2020 100,000 1. Series (A) 10% five-year convertible bonds were issued on January 1, 2019 with a face value of $200.000 @ 96%. The bonds are issued to yield 11% interest is paid annually. Each bond is convertible into 22 shares of common stock. 2. Series (B) 12% five-year convertible bonds were issued on June 1, 2020 with a face value of $400,000 100%. Each bond is convertible into 36 shares common stock. No bonds or preferred stocks were converted during 2020. The tax rate is 30%. Compute diluted eamings per share for 2020. O a. $4 Ob. $3.87 Oc $3.85
Pollo Group has the following Earnings and Securities Time Not income to 300 0.00 Weighted average common shares 100.000 outstanding during 2000 Semes Al 10 veyor convertible bonds were ndonjonc 1, 2019 with a facevo $300.000 The bonds med to vied 11 padon. Each bond is convertit Into 22 shares of common stock Ses ve or convertebond were donne 1.2020 with a face value of O Bach bondscorso como doce No bonths of the stocks were converted 200 2 hp EN E R OT GY K Pollo Group has the following Earnings and Securities Time Not income to 300 0.00 Weighted average common shares 100.000 outstanding during 2000 Semes Al 10 veyor convertible bonds were ndonjonc 1, 2019 with a facevo $300.000 The bonds med to vied 11 padon. Each bond is convertit Into 22 shares of common stock Ses ve or convertebond were donne 1.2020 with a face value of O Bach bondscorso como doce No bonths of the stocks were converted 200 2 hp EN E R OT GY K Step by Step Solution
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