Ace Corporation has 10,000 shares of $100, 6%, convertible preferred shares outstanding for the whole year. Each preferred share is convertible into 4 shares of common stock. What is the incremental income per common share?

A) $0.67
B) $1.00
C) $1.50
D) $2.00

Answer: C

Business

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Representative B is most likely from ________

A) New Zealand B) North Korea C) Russia D) Canada

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