Business, 18.12.2019 04:31 smartpeep

Swifty corporation had 19 shares of common stock, 20700 shares of convertible preferred stock, and $154 of 4% convertible bonds outstanding during 2021. the preferred stock is convertible into 40400 shares of common stock. during 2021, swifty paid dividends of $1.00 per share on the common stock and $3 per share on the preferred stock. each $1,000 bond is convertible into 30 shares of common stock. the net income for 2021 was $605000 and the income tax rate was 35%.

a. $2.22
b. $2.38
c. $2.62
d. $2.18

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Swifty corporation had 19 shares of common stock, 20700 shares of convertible preferred stock, and $...

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