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Business, 21.09.2019 02:20 kiwipup16

During the current year, comma co. had outstanding: 25,000 shares of common stock; 8,000 shares of $20 par, 10% cumulative preferred stock; and 3,000 bonds that are $1,000 par and 9% convertible. the bonds were originally issued at par, and each bond was convertible into 10 shares of common stock. during the year, net income was $200,000, no dividends were declared, and the tax rate was 30%. what amount was comma’s basic earnings per share for the current year?

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