GREAT QUESTION

Calculate teh Diluted Earning Per Share from the following information:

Net profit for the current year : Rs. 85,50,000

No. of equity shares outstanding: 20,00,000

No. of 8% convertible debenture of Rs. 100 each: 1,00,000

Each debenture is convertible into 10 equity shares

Interest expenses for the current year: Rs. 6,00,000

Tax relating to interest expenses: 30%

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