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PROBLEM 2 On February 2, 2014, Gino Co. issued at par $300,000 of 9% convertible bonds. Each bond is convertible into 30 shares. No bonds

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PROBLEM 2 On February 2, 2014, Gino Co. issued at par $300,000 of 9% convertible bonds. Each bond is convertible into 30 shares. No bonds were converted during 2014. Gino ha shares of common stock outstanding during 2014. Gino's 2014 net income was $160,000 and the income tax rate was 30%. ComputeGino's EPS and diluted earni to the nearest penny). Show all computations. $1,000 d 50,000 ings per share for 2014 (rounded

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