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Question 11 1 pts Information concerning the capital structure of Park Corporation is as follows: 2020 2019 Common stock 100,000 shares 100,000 shares 7% Convertible
Question 11 1 pts Information concerning the capital structure of Park Corporation is as follows: 2020 2019 Common stock 100,000 shares 100,000 shares 7% Convertible Bonds 500 bonds 500 bonds During 2020, Park declared and paid dividends of $1.00 per share on its common stoc! There was no preferred stock issued. The company has $500,000 of 7% Convertible Bonds issued at Par. Each $1,000 Bond is convertible into 30 common shares. Taxes are 30%. The bonds are issued at par. The net income for the year ended December 31, 2020, was $400,000. What should be the diluted earnings per share for the year ended December 31, 2020, rounded to the nearest penny? O $3.69 O $2.88 $2.72 O $4.00
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