. On January 2, 2018, Mize Co. issued at par $300,000 of 6% convertible bonds. Each $1,000 bond is convertible into 60 s...
. On January 2, 2018, Mize Co. issued at par $300,000 of 6% convertible bonds. Each $1,000 bond is convertible into 60 shares. No bonds were converted during 2018. Mize had 100,000 shares of common stock outstanding during 2018. Mize 's 2018 net income was $160,000 and the income tax rate was 30%. Mize's diluted earnings per share for 2018 would be (rounded to the nearest penny)
a. $1.35.
b. $1.46.
c. $1.51.
d. $1.60.
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