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please help Current Attempt in Progress At December 31, 2020, Crane Company had 1190000 shares of common stock outstanding on October 1, 2021, an additional
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Current Attempt in Progress At December 31, 2020, Crane Company had 1190000 shares of common stock outstanding on October 1, 2021, an additional 390000 shares of common stock were issued. In addition, Crane had $13900000 of 5% convertible bonds outstanding at December 31, 2020, which are convertible into 790000 shares of common stock. No bonds were converted into common stock in 2021. The net income for the year ended December 31, 2021, was $5200000. Assuming the income tax rate was 28%, what should be the diluted earnings per share for the year ended December 31, 2021. rounded to the nearest penny? $2.74 $2.26 O $2.85 $4.02 15 Step by Step Solution
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