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On January 2, 2019, Ali Co. issued at par 2,000,000 of 7% convertible bonds. Each 1,000 bond is convertible into 20 ordinary shares.Ali had 200,000

On January 2, 2019, Ali Co. issued at par 2,000,000 of 7% convertible bonds. Each 1,000 bond is convertible into 20 ordinary shares.Ali had 200,000 ordinary shares outstanding during 2019 Compute the earnings per share for 2019 (rounded to the nearest penny) [3 Mark]

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