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The following three securities were issued prior to 2007. 10% Cumulative Convertible Preferred Stock Par value $1,000, 1,000 shares, convertible into 200,000 shares (in total,

The following three securities were issued prior to 2007. 10% Cumulative Convertible Preferred Stock Par value $1,000, 1,000 shares, convertible into 200,000 shares (in total, split adjusted) of common stock $1,000,000 Stock Options Exercisable at the option price of $20 per share. Average market price in 2007, $30 60,000 shares 8% Convertible Bonds Sold 2,000 bonds at par. Each $1,000 bond is convertible into 30 shares (split adjusted) of common stock. $2,000,000 Required:Compute the diluted earnings per share for 2007. (Round to the nearest penny.) You have to show the proper intermediate steps to get full credit. (Hint: Try to fill out the table below and rank them from the most dilutive to the least. Then, you add one by

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