Q.
1
Net profit for the year ending 31-12-17 after preference dividend and tax | ® Rs. 1,00,000 |
No. of equity shares as on 1-1-2017 | ® Rs. 50,000 |
No. of 12% convertible debentures of Rs. 100 each | ® Rs, 1,00,000 |
Each debenture is convertible into 10 equity shares. The tax rate applicable to the company is 30%
The diluted earnings per share will be
-
A
Rs. 3.06
-
B
Rs. 2.00
-
C
Rs. 3.68
-
D
Rs. 4.40