Accounting · Earnings Per Share
Hemlock Co has basic earnings per share of $4.50 based on 2,000,000 shares. It also has $1,000,000 of 6% convertible bonds. The tax rate is 25%. Each $100 bond is convertible into 25 ordinary shares. Calculate the diluted earnings per share for Hemlock Co.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1$4.23 per share✓
- 2$4.24 per share
- 3$4.33 per share
- 4$4.13 per share
Correct answer
$4.23 per share
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