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XYZ Inc earned net income of $380,210 during the current fiscal year and had 126,740 common shares outstanding throughout the year. Also outstanding all year
XYZ Inc earned net income of $380,210 during the current fiscal year and had 126,740 common shares outstanding throughout the year. Also outstanding all year were $1,013,890 carrying value of 12.25%-coupon bonds convertible into 32,900 common shares in total. The company's tax rate is 27.83%. Ignoring the IFRS requirement to record the debt and equity components of the bonds separately, what is the company's fully diluted earnings per share? a. $2.80 b. $2.72 c. $2.94 d. $2.65 e. $2.87
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