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On DEC 31, 2011 DELLS INC. had 650,000 shares outstanding, In addition, DELL had the following debt and equity securities on its books on December

On DEC 31, 2011 DELLS INC. had 650,000 shares outstanding, In addition, DELL had the following debt and equity securities on its books on December 31, 2011, if the net income was 2300000: a. 25,000 shares of $100 par, 0.12 cumulative preferred stock b. $2700000 face value convertible bonds 0.08 YTM. at December 31, 2011. Each $1,000 bond is convertible into 26 shares of common stock. tax rate is 40% what is the diluted EPS?

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