Weighted averas Time left $0$:$28$:$31$ shares outstanding: $800,000$

Convertible preferred shares: $10,000,$ convertible into $3$ shares of common stock each and paying dividend of $$11$ per share

Convertible Debt: $$50,000$ of $8\%$ bonds convertible into $4,000$ shares

Stock Options outstanding at the beginning of the year: $40,000$ with the exercise price of $$40($Average market price of company shares during the year was $$50$ per share$)$

Net Income before preferred dividend $=$$$3,000,000,$ tax rate $30\%.$

$1-$ What is the amount of preferred stock dividends to be paid by the company at the end of the year?

$2-$ What is the after$-$tax cost of interest?

$3-$ What are the additional shares issued if options exercised?

$4-$ Find the basic EPS.

$5-$ Find the diluted EPS.