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On January 2 2018, Sunland Company issued at par $1910000 of 6% convertible bonds. Each si 00 bond is converti le into 10 shares of
On January 2 2018, Sunland Company issued at par $1910000 of 6% convertible bonds. Each si 00 bond is converti le into 10 shares of common stock. Na bands v reconverted during 2013 nland had. L 600 common stock outstanding during 2018, Sunland's 2018 net income was $895000 and the income tax rate was 30%. Sunland's diluted earnings per share for 2018 would be (rounded to the nearest penn ares O $4.53 O $4.57, $5.12 O $4.84
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