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Business, 29.03.2021 19:50 rayisaiah3

During the current year, High Corporation had 3 million shares of common stock outstanding. $5,000,000 of 6% convertible bonds were issued at face amount at the beginning of the year. High reported income before tax of $4 million and net income of $3 million for the year. The bonds are convertible into 625,000 shares of common. What is diluted EPS (rounded)? Multiple Choice $1.08 $1.00. $0.91. $0.89.

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