问题如下：
For its fiscal year-end, Sublyme Corporation reported net income of $200 million and a weighted average of 50,000,000 common shares outstanding. There are 2,000,000 convertible preferred shares outstanding that paid an annual dividend of $5. Each preferred share is convertible into two shares of the common stock. The diluted EPS is closest to:
选项： $3.52.
$3.65.
C.$3.70.
解释：
C is correct.
Diluted EPS = (Net income)/(Weighted average number of shares outstanding + New common shares that would have been issued at conversion)
= $200,000,000/[50,000,000 + (2,000,000 × 2)]
= $3.70
The diluted EPS assumes that the preferred dividend is not paid and that the shares are converted at the beginning of the period.
There are 2,000,000 convertible preferred shares outstanding that paid an annual dividend of $5. Each preferred share is convertible into two shares of the common stock.
你们解释- div preferred+div convertible preferred二者抵消，结果为0，分子就只剩NI。
我的理解是- div preferred+div convertible preferred=-2000000*5+ 2000000*2*5=10000000。因为“ convertible into two shares”
