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January 1, 2019 will a face value of $500,0000104% The bonds are issued to yield 10%, inferest is paid annually. Each bond is convertible into

image text in transcribed January 1, 2019 will a face value of $500,0000104% The bonds are issued to yield 10%, inferest is paid annually. Each bond is convertible into 25 shares of common stock Series (B) 10% five-year convertible bonds were issued on September 1, 2020 with a face value of $200,000 @ 100% interest is paid annually. Each bond is convertible into 30 shores of common stock 4 Options were granted on July 1, 2020-15000 shares issuable. price $22 Woronts were granted on November 1, 2020-18.000 shares uable, exercise $10 The average market price of Patel's common stock during 2020 was $30 per share. All options and warrants were still outstanding of the end of 2020 and no bonch or preferred stocks were converted during 2020 The fox rate is 40% Notes: Round amounts to two decimal places only. What is the incrementol denominator for Options? Select one 02.000 incremental shores 65,000 cremental shares 03.000 incremental shores Od 4,000 incremental shores

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