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On January 2, 2023, Bridgeport Ltd. issued at par $315000,9% convertible bonds. Each $1000 bond is convertible into 30 shares. No bonds were converted during

image text in transcribed On January 2, 2023, Bridgeport Ltd. issued at par $315000,9% convertible bonds. Each $1000 bond is convertible into 30 shares. No bonds were converted during 2023. There were 61000 common shares outstanding during 2023 (no preferred shares issued). Bridgeport's 2023 net income was $177415 and its income tax rate was 30\%. Bridgeport's diluted earnings per share for 2023 is $2.80. $3.29. $2.52. $2.95. On January 2, 2023, Bridgeport Ltd. issued at par $315000,9% convertible bonds. Each $1000 bond is convertible into 30 shares. No bonds were converted during 2023. There were 61000 common shares outstanding during 2023 (no preferred shares issued). Bridgeport's 2023 net income was $177415 and its income tax rate was 30\%. Bridgeport's diluted earnings per share for 2023 is $2.80. $3.29. $2.52. $2.95

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