Interest expense on bonds payable is calculated as the: Face amount times the stated interest rate. Face amount times the market interest rate. Carry value times the market interest rate. Carrying value times the stated interest rate. Serial bonds are: Bonds backed by collateral Bonds that mature in installments. Bonds with greater risk. Bonds issued below the face amount. The carrying value using the effective interest method would increase each year if the bonds were Option a. Option b. Option c. Option d. Financial information for Retro Designs includes the following select data: Net income (in millions) $175 Preferred stock dividends (in millions) $25 common shares outstanding (in millions) 250 Stock price $10.00 What is the company's earnings per share? $0.60. $0.70. $0.50. $0.05