Question 24 of 40 View Policies -/2.5 1 Current Attempt in Progress Carla Vista Corporation had net income for the year of $714000 and weighted average common shares outstanding during the period of 258000 shares. The company also has a convertible bond issue outstanding. The bonds were issued four years ago at par of $2900000, carry a 6% interest rate, and are convertible into 50500 shares of common stock. The company has a 15% tax rate. Diluted earnings per share is O $2.79. $184. O$2.67
Question 24 of 40 View Policies -/2.5 1 Current Attempt in Progress Carla Vista Corporation had net income for the year of $714000 and weighted average common shares outstanding during the period of 258000 shares. The company also has a convertible bond issue outstanding. The bonds were issued four years ago at par of $2900000, carry a 6% interest rate, and are convertible into 50500 shares of common stock. The company has a 15% tax rate. Diluted earnings per share is O $2.79. $184. O$2.67
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Transcribed Image Text:Question 24 of 40
View Policies
-/2.5
Current Attempt in Progress
Carla Vista Corporation had net income for the year of $714000 and weighted average common shares outstanding during the period
of 258000 shares. The company also has a convertible bond issue outstanding. The bonds were issued four years ago at par of
$2900000, carry a 6% interest rate, and are convertible into 50500 shares of common stock. The company has a 15% tax rate. Diluted
earnings per share is
O $2.79.
$184.
O $2.67
$2,88
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