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How much will be FDCâs Diluted Earnings per Share if all the preferred stock shares are converted into common Fixer Downer Corp FDC has provided you with the following information Net income

How much will be FDC’s Diluted Earnings per Share if all the preferred stock shares are converted into common?

Fixer Downer Corp (FDC) has provided you with the following information:

Net income available to common stockholders $2,600
Tax rate 40%
Number of common stock shares (this year) 560
Number of common stock shares (last year) 560
Market price per share common stock $80
Preferred dividend (aggregate, not per share) $120
Number of preferred stock shares (this year) 60
Common shares for each preferred share if converted 4
   

$4.643

   

$4.000

   

$5.307

   

$4.128

 

Aug 31 2020 View more View Less

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