Business, 15.11.2019 03:31 toricepeda82

At january 1, 2018, canaday corporation had outstanding the following securities: 620 million common shares 30 million 6% cumulative preferred shares, $50 par 7% convertible bonds, $3,000 million face amount, convertible into 70 million common shares the following additional information is available: on september 1, 2018, canaday sold 78 million additional shares of common stock. incentive stock options to purchase 40 million shares of common stock after july 1, 2017, at $12 per share were outstanding at the beginning and end of 2018. the average market price of canaday’s common stock was $20 per share during 2018. canaday's net income for the year ended december 31, 2018, was $1,484 million. the effective income tax rate was 40%. required: 1. & 2. calculate basic and the diluted earnings per common share for the year ended december 31, 2018. (enter your answers in millions (i. e., 10,000,000 should be entered as

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