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Business, 26.12.2020 16:20 webbjalia04

Mirrlees Corp. has 11,000,000 bonds convertible into 39 shares per $1,000 bond. Mirrlees has 570,000 outstanding shares. Mirrlees has a tax rate of 35%. The average Aa bond yield at the time of issue was 13%. Compute the "basic earnings per share" if after-tax earnings are $780,000. (Round your answer to 2 decimal places.) $1.01 $0.13 $0.91 $1.37

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Mirrlees Corp. has 11,000,000 bonds convertible into 39 shares per $1,000 bond. Mirrlees has 570,000...
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