Question 6 0.625 out of 0.625 points HBP Ltd. reported net income of $115,000 and had 200,000 shares of common stock and 5,000 shares of preferred stock outstanding for the entire year 2015. HBP'S 8%, $150 par value preferred shares are each convertible into 40 shares of common stock. Note that market value of preferred shares are $110 per share. The company also distribute $30,000 as common dividends. The tax rate is 40%. What is the basic EPS for this company