XYZ Inc earned net income of $341,360 during the current fiscal year and had 113,790...
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XYZ Inc earned net income of $341,360 during the current fiscal year and had 113,790 common shares outstanding throughout the year. Also outstanding all year were $910,290 carrying value of 11.05%-coupon bonds convertible into 29,550 common shares in total. The company's tax rate is 26.63%. Ignoring the IFRS requirement to record the debt and equity components of the bonds separately, what is the company's fully diluted earnings per share?
a.
$3.04
b.
$2.75
c.
$2.97
d.
$2.82
e.
$2.90
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