CFA Level I sample question

CFA Level I Earnings per Share question

Financial Statement Analysis / Earnings per Share

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Earnings per Share sample question

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Financial Statement Analysis

Earnings per Share

Tessaro Marine reports net income of USD 3,150,000 and has 1,000,000 weighted-average common shares outstanding and no preferred stock. Throughout the year it had outstanding convertible bonds with a face value of USD 8,000,000 and a 5% annual coupon, convertible in total into 250,000 common shares. The tax rate is 30%. Diluted EPS is closest to:

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