Question 1 of 25 Paints: 4 During 2019 the company had 124 000 outstanding ordinary shares and 10 000 convertible preferred shares. During 2019 the company paid dividends on preferred shares- $3 per share. The preferred shares might be exchanged for 20 000 ordinary shares. The net income of the company was $650 000. The CIT rate is 20%. What is the diluted earning per share? OA) $4,51 B) $4,31 C) $5 OD) $4,35 Next