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The following information pertains to Feyenoord, Inc.: 1. Net income for the year 2019 equals $ 360,000. 2. Since the beginning of year, $200,000 of
The following information pertains to Feyenoord, Inc.: 1. Net income for the year 2019 equals $ 360,000. 2. Since the beginning of year, $200,000 of convertible bonds (issued at par) were outstanding. Each of the 200, $1,000 bonds can be converted into 50 shares of common stock for the next 10 years. None of these bonds were converted during the year. 3. Since the beginning of the year, stock warrants were outstanding to buy 16,000 shares of common stock at $10 per share. None of these warrants were exercised during the year. 4. During the entire year, 200,000 shares of $5 par common stock were outstanding 5. Feyenoord's income tax rate for the year is 30%, 6. The average market price for common stock during 2019 was $16. Compute basic and diluted earnings per share for the year 2019
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