Business, 15.04.2020 04:38 shaelyn0920

Corporation had 100,000 sharehad 100,000 shares of common stock and 10,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $400,000 and dividends were paid to both common and preferred shareholders. Rf's effective tax rate is 25%. Each share of preferred stock is convertible into five shares of common stock. What iss of common stock and 10,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $400,000 and dividends were paid to both common and preferred shareholders. Rf's effective tax rate is 25%. Each share of preferred stock is convertible into five shares of common stock. What is Rf's diluted EPS (rounded)?

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Corporation had 100,000 sharehad 100,000 shares of common stock and 10,000 shares of 8%, $100 par co...

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