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Saved Help Save & Stober Corporation had 9 . 2 million shares of common stock outstanding during the current calendar year. On July 1 ,

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Stober Corporation had 9.2 million shares of common stock outstanding during the current calendar year. On July 1, Stober issued twenty-two thousand $1,000 face value, convertible bonds. Each bond is convertible into 50 shares of common stock. The bonds were issued at face amount and pay interest semiannually for 20 years. They have a stated rate of 12% Stober had income before tax of $420 million and a net income of $2622 million. Stober would report the following EPS data (rounded)
\table[[,Basic EPS Diluted EPS,],[a.,$2.85,$2.77
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