Show ALL work please! 15. DEF Corp has net income of $1,000,000. No preferred...
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Show ALL work please!
15. DEF Corp has net income of $1,000,000. No preferred stock. Weighted average of common shares outstanding during the year was 2,000,000 shares. DEF also has convertible bonds outstanding during the entire year, with the following characteristics: Face value of $100,000, and coupon rate of 6%, which is also the market rate. (The bond was sold in a prior y car for a 100.0 price. It is convertible into 100.000 shares of common stock. DEF's tax rate is 30%. What is DEF's diluted EPS? Round to 3 digits ($0.000).
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