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The information below pertains to Sunland Company for 2026 Net income for the year 7% convertible bonds issued at gar ($1.000 per bond) each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock. $100 par value: each share is convertible into 3 shares of common stock Common stock. $10 par value Tax rate for 2026 Average market price of common stock 1.63 b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $1.180,00 1,910.00 3.820.00 There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 69,200 shares of common stock at $20 per share a Compute basic earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) Basic earnings per share 5,850.00 201 $25 per shar

The information below pertains to Sunland Company for 2026 Net income for the year 7% convertible bonds issued at gar ($1.000 per bond) each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock. $100 par value: each share is convertible into 3 shares of common stock Common stock. $10 par value Tax rate for 2026 Average market price of common stock 1.63 b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $1.180,00 1,910.00 3.820.00 There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 69,200 shares of common stock at $20 per share a Compute basic earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) Basic earnings per share 5,850.00 201 $25 per shar

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The information below pertains to Sunland Company for 2026. Net income for the year 7% convertible bonds issued at gar ($1.000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock. $100 par value; each share is convertible into 3 shares of common stock Common stock. $10 par value Tax rate for 2026 Average market price of common stock Basic earnings per share $ 163 b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 69,200 shares of common stock at $20 per share. aCompute basic earnings per share for 2026. (Round answer to 2 decimal places, ea. 2.55.) $1,180,00 1,910,00 30 3,820.00 5,850,00 205 $25 per shar
Transcribed Image Text:The information below pertains to Sunland Company for 2026. Net income for the year 7% convertible bonds issued at gar ($1.000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock. $100 par value; each share is convertible into 3 shares of common stock Common stock. $10 par value Tax rate for 2026 Average market price of common stock Basic earnings per share $ 163 b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 69,200 shares of common stock at $20 per share. aCompute basic earnings per share for 2026. (Round answer to 2 decimal places, ea. 2.55.) $1,180,00 1,910,00 30 3,820.00 5,850,00 205 $25 per shar
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