Sunland Company had 190000 shares of common stock, 19800 shares of convertible preferred stock, and $1491000 of 4% convertible bonds outstanding during 2018. The preferred stock is convertible into 40100 shares of common stock. During 2015, Sunland paid dividends of $1 per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2018 was $605000 and the income tax rate was 30%. Basic earnings per share for 2018 is (rounded to the nearest penny)

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