During Blue Inc., a furniture store, issued two different series of bonds, details of which follow:
First issue: $ bonds, at par, each convertible into common shares.
Second issue: $ bonds, at par, each convertible into common shares.
For the year ended December the company had net income of $ Throughout common shares were
outstanding; none of the bonds were converted or redeemed. The company's tax rate was
Calculate diluted earnings per share. Round calculations of EPS to decimal places, eg $ and provide final answer to decimal
places, eg
Diluted EPS
