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Unbreakable Foods Inc. reported $800 in net income in 2019. The company declared and paid $11 in preferred stock dividends in 2019. Its weighted average
Unbreakable Foods Inc. reported $800 in net income in 2019. The company declared and paid $11 in preferred stock dividends in 2019. Its weighted average shares outstanding for the year is 238 shares.
In 2015, Unbreakable sold $1000 of 8% convertible bonds due 2025 at par. The bonds are convertible into 46 shares of common stock. The tax rate for is 38%.
If Unbreakable has no other potentially dilutive securities and no preferred stock, and no conversions occur during the year, how much is diluted EPS? (Round to the nearest cent.)
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