Business, 10.08.2021 01:00 blake12345v

Gruen Inc. has 1,000, $100 par, 6% preferred stocks outstanding during the entire year. Each preferred stock can be converted into 2 shares of common stock. The company's tax rate is 30%. What would be the effect of the assumed conversion on the numerator of diluted EPS assuming the preferred stocks were dilutive

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Gruen Inc. has 1,000, $100 par, 6% preferred stocks outstanding during the entire year. Each preferr...