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Question 24 of 40 -12.5,vdots,vdots View Policies Current Attempt in Progress ...

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Accounting

Question 24 of 40
-12.5,vdots,vdots
View Policies
Current Attempt in Progress
Ivanhoe Corporation had net income for the year of $722000 and weighted average common shares outstanding during the period of 252000 shares. The company also has a convertible bond issue outstanding. The bonds were issued four years ago at par of $3050000, carry a 7% interest rate, and are convertible into 49500 shares of common stock. The company has a 15% tax rate. Diluted earnings per share is
$3.00.
$1.79.
$3.10.
$2.86.
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