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(ii) Green plc issue 1m ordinary shares of $1 each and 1000, 10% convertible bonds of $100 each. Each convertible bond into 20 ordinary shares
(ii) Green plc issue 1m ordinary shares of $1 each and 1000, 10% convertible bonds of $100 each. Each convertible bond into 20 ordinary shares on demand. Green plc earnings for the period are $500,000. 21% is applicable for tax.
You are asked to calculator;
a. Basic Earning per share (3 marks)
b. Diluted earning per share (9 marks)
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