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year, Ch January Jet Corporation had 8 million shares of common stock outstanding during the current calendar $1,000 face value, convertible bonds. Each bond is
year, Ch January Jet Corporation had 8 million shares of common stock outstanding during the current calendar $1,000 face value, convertible bonds. Each bond is convertible into 9 Jet issued ten thousands. 50 shares of common stock. The bonds were issued at face amount pay interest semiannually for 20 years. They have a stated 12%. Jet had income before tax of $24 million and a net income of $18 million. The income tax rate is 25%. Jet would report the following EPS data (rounded) and rate $ Basic EPS a. H 2.25 b 2.25 $ 2.25 $ d 2.25 2000 Diluted EPS 2.24 "N/A : antidilutive 2.25 2.22 Option A Option B Option C Option D
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