At January M E Gainor Corporation had outstanding the following securities:
million common shares
million cumulative preferred shares, $ par
convertible bonds, $ million face amount, convertible into million common shares
The following additional information is available:
On September M E Gainor sold million additional shares of common stock.
Incentive stock options to purchase million shares of common stock after July at $ per share, were outstanding at the beginning and end of The average market price of Gainors common stock was $ per share during
Gainor's net income for the year ended December was $ million. The effective income tax rate was
Required:
& Calculate basic and the diluted earnings per common share for the year ended December
