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