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Hello Sir,,For PYQ Sep/Dec 2018 Q32(c)
basic earning per sharewhy the 1 NOv 2017 of number of shares is 13700 instead of 14700?
as the question stated that “Duggan Co issued $5m 6% convertible loan notes on 1 July 20X7. Interest is payable annually in arrears. These
bonds can be converted into one share for every $2 on 30 June 20X9.”$5m/ $2 = 2500 ,000 new shares?
Thank you.
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