Lomid=180892 page=0 On January 1. 2011 APPLE had 170000 shares. On April 1. 2011 APPLE sold 55000 shares, on July 1, 2011 apple makes a 2:1 stock split on Dec 1, 2011 apple distribute 0.12 stock dividend Net income for 2011 was $2700000. The tax rate was 35%. In addition. Apple had the following debt and equity securities on its books on December 31, 2011: a. 22000 shares of $100 par. 0.2 cumulative preferred stock b. 4300 bond of .0.08 Interest... Each bond is converted Into 40 shares of common stock. Face value $1000 c.40000 shares of $100 par $1.5 cumulative preferred stock par $100. Each share of preferred stock is convertible into 5 shares of common stock what is the weighted average number of common stock what is the basic eps? What is the diluted EPS