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in Earning per shares Bond payable - 12%, convertible par value $600000 net of discount = $576000 ----- Each $1000 bond is convertible into 100...

= $576000

-----> Each $1000 bond is convertible into 100 common shares. Interest expense on the bonds for the year was 26400

------>The income tax rate is 40%

-----> All items have been outstanding for the entire year except for the convertible bonds that were issued July 1 of the current year

----The converstion rate on the preferred shares is one preferred to one common share. These preferred shares were issued last year.

What is convertible bonds' income, shares and EPS?

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