$In2022,$ Pharoah $Ltd.$ issued $$46,000of8\%$ bonds $at$ par, with each $$1,000$ bond being convertible into $100$ common shares. The

company had revenues $of$ $$73,500$ and expenses $of$ $$42,30030\%.$ Assume that the $46$ bonds were issued $on$ October $1,2023(rather$ than $in2022),$ and that none have been converted $or$

redeemed. Calculate diluted earnings per share for the year ended December $31,2023.(Round$ answer $to2$ decimal places, $e.g.$

$15\mathrm{.}25.)$

Diluted earnings per share

$