30%

Average market price of common shares $30per share

There were no changes during 2017 in the number of common shares, preferred shares, or convertible bonds outstanding. For simplicity, ignore the requirement to book the convertible bonds’ equity portion separately.

Calculate basic earnings per share for 2017.

(Round answer to 2 decimal places, e.g. 15.25.)

Basic EPS

$

Calculate diluted earnings per share for 2017.

(Round answer to 2 decimal places, e.g. 15.25.)

Diluted EPS

$