ssuming the income tax rate was 30%, what should be the diluted earnings per share for the year ended December 31, 2007, rounded to the nearest penny?…

Assuming the income tax rate was 30%, what should be the diluted earnings per share for the year ended December 31, 2007, rounded to the nearest penny? A. $2.11 b. $3.38 c. $2.35 d. $2.45 Foley Company has 1,800,000 shares of common stock outstanding on December 31, 2006. An additional 150,000 shares of common stock were issued on July 1, 2007, and 300,000 more on October 1, 2007. On April 1, 2007, Foley issued 6,000, $1,000 face value, 8% convertible bonds.