Bonnie Inc. has 500, 6%, $1,000 face amount bonds outstanding during the entire year. The bonds were issued at 98 and the discount is amortized straight-line over 10 years. Each bond is convertible into 14 shares of common stock. The company's tax rate is 30%. What would be the effect of the assumed conversion on the numerator of diluted EPS
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Bonnie Inc. has 500, 6%, $1,000 face amount bonds outstanding during the entire year. The bonds were...
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