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Please show how to incorporate November 1 calculation The following information pertains to Petit Four Inc. Each $1,000 bond is convertible into 20 shares of
Please show how to incorporate November 1 calculation
The following information pertains to Petit Four Inc. Each $1,000 bond is convertible into 20 shares of common stock at the option of the bondholder. The bc nds were outstanding all year. The company computes diluted EPS using the if-converted method. Calculate basic and diluted EPS for the year assuming that the convertible bonds were issued on November 1. $2.91$2.80 $2.19$2.19 $2.91$2.91 $2.91$2.89Step by Step Solution
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