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?

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The Answer of 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?

Ace Corporation Has 10,000 Shares of $100,6%,convertible Preferred Shares Outstanding