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  3. at january 1, 2021. canaday corporation had outsta

At January 1, 2021. Canaday Corporation had outstanding the following securities 540 million common shares...

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At January 1, 2021. Canaday Corporation had outstanding the following securities 540 million common shares 20 million 6% cumulative preferred shares. $50 par 6.4% convertible bonds. 54.000 million face amount, convertible into 90 million common shares The following additional information is available: . On September 1, 2021, Canaday sold 75 million additional shares of common stock Incentive stock options to purchase 70 million shares of common stock after July 1.2020, at $10 per share, were outstanding at the beginning and end of 2021. The average market price of Canaday's common stock was $14 per share during 2021 Canadays net income for the year ended December 31, 2021, was 51734 million. The effective income tax rate was 25% Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021 (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator Denominator Earnings per share 665 - Basic Duted

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