In four years, your oldest child will be in 10th grade, at which point you and your family plan to vacation in Europe. You estimate that you will need $25,000 for the trip. How much do you need to set aside today if you can place your money in an investment vehicle earning an average of 4.25% per year? A. $20,998.34
B. $21,165.85
C. $20,215.55
D. $21,435.77

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share