Suppose the price indexes in Spain and the U. S., which both began the year at 100, are at 117 and 105, respectively, by the end of the year. If the beginning and end exchange rates, respectively, for the Euro, are $.1320 and $.1125, then the change in the real value of the Euro (a " " indicates a real devaluation) during the year is

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share