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Sands, Co. has 200,000 shares of common stock and $1,000,000 of 3% convertible bonds outstanding. Each $1,000 bond is convertible into 10 shares of
Sands, Co. has 200,000 shares of common stock and $1,000,000 of 3% convertible bonds outstanding. Each $1,000 bond is convertible into 10 shares of common stock. Net income is $2,000,000 and the corporate tax rate is 25%. What is Sands' diluted earnings per share? $9.63 $9.67 $10.00 $9.52
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Human Resource Management
Authors: John Bernardin
6th Edition
978-0078029165, 0078029163
