Que 3 Natyetarred Marked out of 6.00 Flag question Computing EPS: Convertible Bonds A company has outstanding $90,000 of 3% convertible bonds due in five years. Each $1,000 convertible bond is convertible into 40 shares of common stock Net Income for the year was $576,000. Common shares outstanding for the year were 250,000. The relevant tax rate is 25%. a Compute basic earnings per share. b. Compute diluted earnings per share Note: Round per share amounts to two decimal places Net Income Available to weighted Avg Commen Commen Stockholders Share Outstanding Share Basic PSS DOS