Question: Han Co had 2 0 0 , 0 0 0 shares of common stock, 2 0 . 0 0 0 shares of convertible preferred stock,

Han Co had 200,000 shares of common stock, 20.000 shares of convertible preferred stock, and $1,500,000 of 5% convertible bonds outstanding during 2021. The preferred stock is convertible into 40,000 shares of common stock. During 2021, Hani paid dividends of S.90 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock The net income for 2021 was $600.000 and the income tax rate was 30%. Diluted earnings per share for 2021 is (rounded to two decimals)

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