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    Question

    A company has the following details for the year:

    • Net Income = ₹12,00,000 • Preferred Dividends = ₹1,00,000 • Outstanding Shares (Common Stock) = 500,000 • Convertible Preferred Stock (Convertible into 100,000 shares) • Convertible Bonds = ₹2,00,000 (convertible into 20,000 shares) • Interest on Convertible Bonds = ₹10,000 (tax rate = 30%) What is the Diluted Earnings Per Share (EPS)?
    A ₹18.15 Correct Answer Incorrect Answer
    B ₹19.25 Correct Answer Incorrect Answer
    C ₹20.50 Correct Answer Incorrect Answer
    D ₹17.80 Correct Answer Incorrect Answer
    E ₹16.80 Correct Answer Incorrect Answer

    Solution

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