In 20X2, the corporate tax rate is 30% and a firm has net income of $1,900. Its capital structure consists of 500 common shares outstanding $6,000 (face value) of 10% convertible bonds, convertible into a total of 300 common shares In 20X2, the firm pays dividends of $4 per common share. What is the firms diluted earnings per share for 20X2? 3. In 20X2, a firm has net income of $2,800. Its capital structure consists of 600 common shares outstanding 40 convertible preferred shares outstanding, convertible into 6 common shares each In 20X2, the firm pays dividends of $5 per common share and $10 per convertible preferred share. What is the firms diluted earnings per share for 20X2?