Current Attempt in Progress

On January $1,2023,$ Carla Vista Inc. issued $\backslash (\backslash$$ $3\backslash )$ million of face value, five$-$year, $\backslash (7\backslash \%\backslash )$ bonds at par. Each $\backslash (\backslash$$ $1,000\backslash )$ bond is convertible into $20$ common shares. Carla Vista's net income in $2023$ was $\backslash (\backslash$$ $234,000\backslash ),$ and its tax rate was $\backslash (20\backslash \%\backslash ).$ The company had $90,000$ common shares outstanding throughout $2023.$ None of the bonds were exercised in $2023.$ For simplicity, ignore the requirement to record the bonds' debt and equity components separately.

$($a$)$

Calculate diluted earnings per share for the year ended December $31,2023.($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Diluted earnings per share