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Kinzbird inci had net income for the current year ending December 31, 2023 of $1.029.940. During the entire vear, there were 501.000 common shares outstanding.

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Kinzbird inci had net income for the current year ending December 31, 2023 of $1.029.940. During the entire vear, there were 501.000 common shares outstanding. The company had two classes of preferred shares outstandine the Cliss A preferreds hares were $2.54 cumulative shares of which 11.000 were outstandine and were convertible to common shares at a rate of 1:1. There were 109,000$6.54 Class B non-cumulative preferred shares cutstanding that were also corrvertible at a rate of 1:1. Kinghird had outstanding a $1.000,000, 7\% bond issued at par in 2012 that was cocrvertible to 22.000 common shares. The company atso had or paid this year, Kingbird's tax rate is 38%. Determine an incremental per share effect for the 2012 bonds. (Round earnings per shore to 3 decimal ploces, es 1.5.257) eTextbook and Media Attempts: 0 of 3 used The parts of this question nust be conpleted in order, This part will be wailable wher roucoaplete the part above Kinzbird inci had net income for the current year ending December 31, 2023 of $1.029.940. During the entire vear, there were 501.000 common shares outstanding. The company had two classes of preferred shares outstandine the Cliss A preferreds hares were $2.54 cumulative shares of which 11.000 were outstandine and were convertible to common shares at a rate of 1:1. There were 109,000$6.54 Class B non-cumulative preferred shares cutstanding that were also corrvertible at a rate of 1:1. Kinghird had outstanding a $1.000,000, 7\% bond issued at par in 2012 that was cocrvertible to 22.000 common shares. The company atso had or paid this year, Kingbird's tax rate is 38%. Determine an incremental per share effect for the 2012 bonds. (Round earnings per shore to 3 decimal ploces, es 1.5.257) eTextbook and Media Attempts: 0 of 3 used The parts of this question nust be conpleted in order, This part will be wailable wher roucoaplete the part above

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