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Ignatius Corporation had 10 million shares of common stock outstanding during the current calendar year. It issued 27.000, $1,000, convertible bonds on January 1. Each

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Ignatius Corporation had 10 million shares of common stock outstanding during the current calendar year. It issued 27.000, $1,000, convertible bonds on January 1. Each bond is convertible Into 50 shares of common stock. The bonds were issued at face amount and pay Interest semiannually at an annual rate of 12%. On June 30, Ignatius issued 270,000 shares of $100 par 6% cumulative preferred stock. Didends are declared and paid quarterly. Ignatius has an effective tax rate of 40%. Ignatlus would report the following EPS data (rounded to 2 decimal places) on its net Income of $37 million: a. b. C. d. Basic EPS $3.78 $3.62 $3.70 $3.62 Diluted EPS $ 3.26 $ 3.36 $ 3.26 $ 3.50 Multiple Choice Optionc O Option Option A ho Options

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