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In 2012 Green Enterprises issued, at par, 40, $2,500, 12% bonds, each convertible into 100 shares of common stock. Green had revenues of $45,200 and

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In 2012 Green Enterprises issued, at par, 40, $2,500, 12% bonds, each convertible into 100 shares of common stock. Green had revenues of $45,200 and expenses other than interest and taxes of $8,400 for 2013. (Assume that the tax rate is 30%.) Throughout 2013, 1,500 shares of common stock were outstanding; none of .the bonds was converted or redeemed Instructions a) Compute diluted earnin .share for 2013 b) Assume same facts as t Part (a), except the 40 bonds were issued on August 2013 (rather than in 2012), and none have been converted or .redeemed

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