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The following data is presented by King Corp. for calendar 2022 Additional information; 1. The common and preferred shares and the convertible bonds were outstanding
The following data is presented by King Corp. for calendar 2022 Additional information; 1. The common and preferred shares and the convertible bonds were outstanding from the beginning of the year. 2. No dividends were declared in 2022 3. The average market price of the common shares in 2022 was $83. The stock price was $70 on January 1,2022 , and $85 on December 31, 2022. 4. The convertible bonds were sold at par. 5. The income tax rate for 2022 is 31%. Instructions Determine fully diluted EPS - show all calculations
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