why 9000 should be divided by 2?

com x M Chapter 109-5-17.pdf ?? ? The l n dlu education onnect.htmml e 5 - Summer 2018-Section 01 7.3/10 Total points awerded Help Exit 6 Prince Corp. has the following balance sheet information at December 31, 2018 Current liabilities Convertible bonds ($1,000 par, 7) Common stock ($1 par, 108,e00 shares issued) Retained earnings Treasury stock (9,888 shares) Total liabilities and shareholder's equity $ 545,808 4,800,e0e 180,880 1,800,8e0 dng Additional paid-in capital 368,880 $7,285,eee The convertible bonds were issued at par on April 1, 2018 and are convertible into Prince's common stock at a ratio have any treasury stock at December 31, 2017 and of 25 shares of stock to 1 bond. Prince did not the 9,000 shares evenly throughout 2018. The average price of the common stock for the year was 0, and the year-end price was $45 Prince Corp. also has 60.000 outstanding and exercisable qualifed employee stock options. Employees obtain one share of s rcise price for each option is $21 per share Prince's net income for the year ended 2018 was $292.500. Its tax rate for the year was 3 Required: 1. Compute basic EPS for the year ended December 31, 2018. Show all computations 2. Compute diluted EPS for the year ended December 31, 2018. Show all computations 1. 292,500