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cpa2010
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Joined: 02 Feb 2010
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Posted: 20 Jul 2010 at 15:41 \| IP Logged

A firm has basic earnings per share of $1.29. If the tax rate is 30%, which of the following securities would be dilutive?

a. Cumulative 8%, $50 par preferred stock.

b. Ten percent convertible bonds, issued at par, with each $1,000 bond convertible into 20 shares of common stock.

c. Seven percent convertible bonds, issued at par, with each $1,000 bond convertible into 40 shares of common stock.

d. Six percent, $100 par cumulative convertible preferred stock, issued at par, with each preferred share convertible into four shares of common stock.

ans is c ...pls help

TechnicConcepts
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Joined: 30 Mar 2010
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Posted: 20 Jul 2010 at 16:54 \| IP Logged

http://www.cpanet.com/cpa_forum/forum_posts.asp?TID=32718&am p;PN=5

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