Sandhill Corporation earned net income of $390,950 in 2020 and had 111,000 shares of common...
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Sandhill Corporation earned net income of $390,950 in 2020 and had 111,000 shares of common stock outstanding throughout the year. Also outstanding all year was $850,000 of 9% bonds, which are convertible into 16,000 shares of common. Sandhills tax rate is 30 percent. Compute Sandhills 2020 diluted earnings per share
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