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Seved Help Save & Exit Jet Corporation had 8.5 million shares of common stock outstanding during the current calendar year. On July 1, Jet issued

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Seved Help Save & Exit Jet Corporation had 8.5 million shares of common stock outstanding during the current calendar year. On July 1, Jet issued eleven 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 15%. Jet had income before tax of $25.5 million and a net income of $20 million. Jet would report the following EPS data (rounded): Submit b. c. d. Basic EPS $2.35 $2.35 $2.35 $2.35 Diluted EPS $2.35 n/a antidilutive $2.27 $2.23 Multiple Choice Option B Optionc Option A Oution D

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