Multiple Choice
A company reports basic earnings per share of $5.00 per share.The company has convertible preferred stock that can be converted into common stock.What will fully diluted earnings per share equal?
A) $5.00 per share
B) more than $5.00 per share
C) less than $5.00 per share
D) There is not enough information.
Correct Answer:
Verified
Correct Answer:
Verified
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