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The following information pertains to XYZ Inc. Net Income: $30,000,000 WASO: 17,500,000 80,000 stock options. The strike price is $16, and the market price is

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The following information pertains to XYZ Inc. Net Income: $30,000,000 WASO: 17,500,000 80,000 stock options. The strike price is $16, and the market price is $24. 40,000 shares of $100 par, 4% convertible preferred stock. The preferred shares convert into 5 shares of common 5,000, 7% 10-year convertible bonds, issued at par. The conversion ratio is currently 30 to 1, but will increase to 50 to 1 in 3 years. Contingent Shares: 100,000. Tax Rate: 21% Compute Basic & Diluted EPS for 2020

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