Business, 15.04.2021 21:20, primmprincess312

Coronado Industries had 209000 shares of common stock, 20500 shares of convertible preferred stock, and $1550000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 40500 shares of common stock. During 2021, Coronado paid dividends of $0.80 per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $599000 and the income tax rate was 40%. Diluted earnings per share for 2021 is (rounded to the nearest penny) $1.99. $2.40. $2.03. $2.15.

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Coronado Industries had 209000 shares of common stock, 20500 shares of convertible preferred stock,...