Question 5 ABC Company reported net income of 2,125,000 for the year ended 30th June...
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Question 5 ABC Company reported net income of 2,125,000 for the year ended 30th June 2022. The company had a weighted averuge of 1,050,000 shares of common stock outstanding. In addition, the company has only one potentially dilutive security: a total number of 2,500 convertible bonds having face value of $100 each and coupon rate of 4.5%. Each convertible bond can be converted into 15 common shares. Assume a tax rate of 30%. calculate ABC 's basic and diluted EPS. [2+24marks]
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