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Problem 1: On January 1, 2027, Ajax Corporation had 10 million shares of common stock, issued and outstanding. On October 1, 2027 Ajax issued an additional 1 million shares of common stock. Ajax also has $40 million face value, 6.25% convertible bonds outstanding for the entire year. The bonds are convertible into 2 million common shares. Ajax has a tax rate of 40% and net income of $14 million in 2027. What is Ajax's diluted earnings per share for 2027?
Option 1: $1.37
Option 2: $1.27
Option 3: $1.35
Option 4: $1.22
Brantley owns an automobile for personal use. The adjusted basis is $16,750, What is the amount of realized gain or loss on the sale
"I'm going to get serious now. I'm going to kill you in the next few months." The man keeps up these tormenting calls until you're a wreck with fear, although he never does actually attack you. Which of the following statements is correct?
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