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Lerner Co . had 2 0 0 , 0 0 0 ordinary shares, 2 0 , 0 0 0 shares of convertible preference shares, and
Lerner Co had ordinary shares, shares of convertible preference shares, and $ of convertible bonds outstanding during The preference shares are convertible into ordinary shares. During Lerner paid dividends of $ per ordinary share and $ per preference share. Each $ bond is convertible into ordinary shares. The net income for was $ and the income tax rate was
Diluted earnings per share for is rounded to the nearest penny
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