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I would like to see the steps to achieving the solution. Kolb Corp has $1 million face amount, 7% convertible bonds issued at par outstanding.
I would like to see the steps to achieving the solution. Kolb Corp has $1 million face amount, 7% convertible bonds issued at par outstanding. Each $1,000 bond can be converted into 40 shares of common stock. The company's tax rate is 40%. The incremental effect of the bonds on diluted EPS will be? $ 1.05
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