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At December 31, 2024, Blossom Company had 800000 shares of common stock outstanding. On October...

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Accounting

image At December 31, 2024, Blossom Company had 800000 shares of common stock outstanding. On October 1, 2025, an additional 155000 shares of common stock were issued. In addition, Blossom had $10600000 of 5% convertible bonds outstanding at December 31,2024 , which are convertible into 355000 shares of common stock. No bonds were converted into common stock in 2025 . The net income for the year ended December 31, 2025, was $2494000. Assuming an income tax rate of 30%, diluted earnings per share for the year ended December 31, 2025 is $2.09. $3.42. $2.40. $2.53

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