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The information below pertains to Windsor Company for 2021. Net income for the year $ 1,220,000 7% convertible bonds issued at par ($ 1,000 per
The information below pertains to Windsor Company for 2021.
Net income for the year | $ 1,220,000 | |
7% convertible bonds issued at par ($ 1,000 per bond); each bond is convertible into 30 shares of common stock | 1,990,000 | |
6% convertible, cumulative preferred stock, $ 100 par value; each share is convertible into 3 shares of common stock | 3,990,000 | |
Common stock, $10 par value | 6,140,000 | |
Tax rate for 2021 | 20% | |
Average market price of common stock | $ 25 per share |
Basic earnings per share | $ |
Diluted earnings per share | $ |
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