Question

Entity issues convertible debentures that are dilutive. Net profit = ₹100 crore; weighted average equity shares = 10 crore. If converted, debentures would add 2 crore shares and reduce interest expense by ₹10 crore (net of tax). What is diluted EPS?

A ₹10.00
B ₹8.33
C ₹9.00
D ₹11.11
E ₹12.00
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