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Calculate Mize diluted earnings per share

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Question - On January 2, 2011, Mize Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 30 shares. No bonds were converted during 2007. Mize had 50,000 shares of common stock outstanding during 2011. Mize's 2011 net income was $160,000 and the income tax rate was 30%. Calculate Mize's diluted earnings per share for 2011?

Reference no: EM132454204

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Calculate Mize diluted earnings per share : On January 2, 2011, Mize Co. issued at par $300,000 of 9% convertible bonds. Calculate Mize's diluted earnings per share for 2011
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