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  3. on january 2, 2025, ivanhoe co. issued at par $206

On January 2, 2025, Ivanhoe Co. issued at par $2060000 of 5% convertible bonds. Each...

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Accounting

On January 2, 2025, Ivanhoe Co. issued at par $2060000 of 5% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during 2025. Ivanhoe had 193000 shares of common stock outstanding during 2025. Ivanhoe's 2025 net income was $909000 and its income tax rate was 30%. Ivanhoe's diluted earnings per share for 2025 was O $4.71. O $4.59. O $4.73. O$5.03.
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On January 2, 2025, Ivanhoe Co. issued at par $2060000 of 5% convertible bonds. Each $1000 bond is convertible into 10 share 5 of common stock. No bonds were converted during 2025. Ivanhoe had 193000 shares of common stock outstanding during 2025. Ivanhoe's 2025 net income was $909000 and its income tax rate was 30%. Ivanhoe's diluted earnings per share for 2025 was $4.71 54.59. $473 $5.03

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