Rudyard Corporation had 160,000 shares of common stock and 16,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $520,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%. Each share of preferred stock is convertible into five shares of common stock. What is Rudyard's diluted EPS (rounded)
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Rudyard Corporation had 160,000 shares of common stock and 16,000 shares of 8%, $100 par convertible...
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