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Business, 01.06.2021 02:00 brinatperez06

BELG-12 Rockland Corporation earned net income of R$300,000 in 2015 and had 100,000 orandy sa outstanding throughout the year. Also outstanding all year was R$800,000 of 10% bonds, which are con-
vertible into 16,000 ordinary shares. The interest expense on the liability component of the convertible
bonds was R$64,000. Rockland's tax rate is 40%. Compute Rockland's 2015 diluted earnings per share
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BELG-12 Rockland Corporation earned net income of R$300,000 in 2015 and had 100,000 orandy sa outst...

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