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Rushford Corp.’s net income is $16,500,000 with 300,000 shares outstanding. The tax rate is 40%. The average share price for the year was $372. Rushford has 50,000, 9%, $1,000 par value convertible bonds outstanding. Each bond is convertible into two shares of common stock.
Rushford Corp.’s basic and diluted earnings per share (EPS) are closest to:
A.
B.
C.
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