Compute dicentas diluted earnings per share

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Point 1: DiCenta corporation reported net income of $256,960 in 2014 and had 47400 shares of common stock outstanding throughout the year. Also outstanding all year were 5500 shares of cumulative preferred stock, each convertible into 2 shares of common.. The preferred stock pays an annual dividend of $5 per share. DiCenta's tax rate is 50%.

Question 1: Compute DiCenta's 2014 diluted earnings per share.

Reference no: EM132495381

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