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Business, 24.03.2021 19:50 quarrella

Bramble Corp. had 203000 shares of common stock, 19300 shares of convertible preferred stock, and $1580000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39800 shares of common stock. During 2021, Bramble paid dividends of $0.80 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $607000 and the income tax rate was 40%. Diluted earnings per share for 2021 is: (rounded to the nearest penny)
a. $1.53.
b. $1.67.
c. $1.41.
d. $1.39.

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