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Barkley Corp has 30,000 shares of common stock outstanding at the end of 2018. Barkley...

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Accounting

Barkley Corp has 30,000 shares of common stock outstanding at the end of 2018. Barkley Corp also has 50 15-year 8% convertible bonds, each with face value of 1000. Each bond is convertible into 40 shares of common stock. During 2018, Barkley Corp earned a net income of 61,200 after deduting all expenses. Tax rate 40%. Compute diluted EPS for 2018.

2.12

1.96

1.99

2.04

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