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Thimble Inc. reported $703 in net income in 2021. Its weighted average shares outstanding for the year is 168 shares. In 2019, Thimble sold $3000
Thimble Inc. reported $703 in net income in 2021. Its weighted average shares outstanding for the year is 168 shares. In 2019, Thimble sold $3000 of 3% convertible bonds due 2029 at par. The bonds are convertible into 22 shares of common stock per $1000 of principal redeemed. The tax rates for is 36%. If Thimble has no other potentially dilutive securities and no preferred stock, and no redemptions of the convertible have occurred, how much is diluted EPS for 2021 (Round to the nearest cent.) Type your
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