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What is the diluted earnings per share figure to be disclose

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Reference no: EM132702189

Problem 1: Coral Ltd has a net profit for the year ended 30 September 2019 of N$10 500 000. Coral had 6m shares in issue for in the current year. Coral has issued a convertible bond, it was issued at its nominal value of N$2 500 000 and carries an effective interest rate of 8 %. The bond is convertible in 5 years, with 50 shares issued for every N$100 nominal of convertible bond held. Coral pays a tax rate of 28%. What is the Diluted Earnings per share figure to be disclosed in Coral Ltd's financial statements for the year ended 30 September 2019

a. N$1.77

b. N$1.47

C. N$1.75

d. N$1.48

Reference no: EM132702189

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