Veres Inc.'s net income is $120,000 and its weighted average common shares outstanding is 12,000. Veres Inc. has $1,000,000, 8%, 10 year convertible bonds, which were issued two years ago at a premium. This premium is amortized by $20,000 per year. Each $1,000 bond is convertible to 20 common shares. Corporate income tax rate is 20%. What is Veres Inc.'s diluted EPS for the year rounded to the nearest dollar? a. $7 b. C. $5 $10 $6 $9 d. e. The present value of vested benefits of employees at present pay levels is $7,000,000 and at future pay levels is $8,000,000. The present value of non-vested benefits of employees at present pay levels is $14,000,000 and at future pay levels is $16,000,000. What is the vested benefit obligation of this company? $16,000,000 b. $7,000,000 $21,000,000 d. $8,000,000 $24,000,000 a. C. e