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What is ABC diluted earnings per share

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Question - ABC Co. reported $450,000 net income and paid $50,000 common dividends for 2018 with a 35% tax rate and 100,000 common shares outstanding all year. On September 30, 2018 ABC Co. issued $1,000,000, 6%, 5 year bonds at par. convertible to 25,000 common shares. If ABC has no other dilutive securities, what is ABC's 2018 diluted earnings per share?

Reference no: EM133047580

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