Business, 05.06.2020 21:58 brattyshae

During the current year, South Corporation had 16.0 million shares of common stock outstanding. Four thousand 15% convertible bonds, each with $1000 face value, were issued at face amount at the beginning of the year. South reported net income of $4.0 million for the year. Each bond is convertible into 10 shares of common stock. The tax rate is 25%. What is diluted EPS (rounded)

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During the current year, South Corporation had 16.0 million shares of common stock outstanding. Four...

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