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Miles Corp hes $3,000,000 bonds convertible into 50 shores per $1,000 bond Mirrices has 1000,000 outstanding shares. Merlees has a tax rate of 21% The

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Miles Corp hes $3,000,000 bonds convertible into 50 shores per $1,000 bond Mirrices has 1000,000 outstanding shares. Merlees has a tax rate of 21% The average Aa bond yield at the time of issue was 10% Compute the basic earnings per shared after tax enmings are $1.400.000 Mumple Choice 1133 O $140 $0.71 3125

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