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Business, 25.08.2021 04:20 mgkman9814

On January 1, 2020, a company issued 10-year, $2,000,000 face value, 8% bonds, at par. Each $1,000 bond is convertible into 23 shares of the company’s common stock. The company’s net income in 2020 was $600,000, and its tax rate was 25%. The company had 500,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. What is the denominator for computing diluted earnings per share for the company for 2020?

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On January 1, 2020, a company issued 10-year, $2,000,000 face value, 8% bonds, at par. Each $1,000 b...
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