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help woth the following Net income for the year $8,050,000 6% convertible bonds issued at par ( $1,000 per bond); each bond is convertible into

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Net income for the year $8,050,000 6% convertible bonds issued at par ( $1,000 per bond); each bond is convertible into 60 shares of common stock 4,950,000 4% convertible, cumulative preferred stock, $100 par value; each share is convertible into 4 shares of common stock 2,620.000 Common stock, $1 par value 9,990,000 Tax rate for 2026 20% Average market price of common stock $18 per share There were no changes during 2026 in the number of common shares, preferred shares, or comvertible bonds outstanding. There is no tressury stock. The compary also has common stock options (grantedin a prior year) to purchase 108000 shares of common stock at \$12 per share. (a) Compute basic earnings per share for 2026. (Round amper to 2decimal ploces, 6.s. 2.55.) (b) Compute diluted earnings per share for 2026 . Round answer to 2 decimol ploces, es. 2.55.) Diluted earnines per share

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