Business
Business, 27.06.2019 03:50, elitehairnerd1964

10. hoffman corporation had earnings available to common shareholders of $480,000 and a weighted average number of common shares outstanding during the period of 200,000 shares. the company has a convertible bond issue outstanding. the bonds were issued four years ago at par ($2,320,000), carry a 10% interest rate, and are convertible into 40,000 shares of common stock. the company has a 40% tax rate. diluted earnings per share are

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