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Marigolds diluted earnings per share for 2018 would be

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On January 2, 2018, Marigold Corp. issued at par $2060000 of 6% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock.

No bonds were converted during 2018. Marigold had 206000 shares of common stock outstanding during 2018. Marigold's 2018 net income was $909000 and the income tax rate was 35%. Marigold's diluted earnings per share for 2018 would be ?

Reference no: EM132325895

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