USE THE FOLLOWING INFORMATION FOR QUESTIONS #7-10: Butterfly Corporation has the following information: Net income after tax and before conversion or exercise $ 400,000 Weighted average common shares beginning of year befol 75,000 Total par value convertible bonds issued June 1 of current $ 1,500,000 Stated & market interest rate on bonds 6.00% The total number of common shares that the bonds are col 25,000 Issued June 1 of the current year Total shares of cumulative preferred stock 30,000 Par value per preferred share $ 10.00 Dividend rate as a % par value 10.0% The total number of common shares that the preferred sto 5,000 Outstanding as of the beginning of the year Total stock options available to be exercised 30,000 Exercise price of warrants $ 20.00 Market price of common shares $ 30.00 Issued October 1 of the current year Tax rate 21% 7. What is the Basic Earnings Per Share? Enter as a positive number, rounded to two decimals places, and with no symbols. 8. What is the Per Share Effect of JUST the Stock Options if they were exercised? A. $2.84 B. $6.00 C. Zero D. $4.93 9. Which of the three potentially dilutive securities is anti-dilutive? A. Convertible Bonds B. Cumulative Preferred Stock C. Stock Options D. None of the above, they are all dilutive 10. What is the Diluted Earnings Per Share? Enter as a positive number, rounded to two decimal places, and with no symbols