Man Inc. have common shares outstanding. Earnings from continuing operations amounted to $after tax for the year ended December X Hominems income tax rate is The company had no discontinued operations. At the end of X the market price of the companys common shares was $ Hominem had these additional components in its capital structure at the end of the year:

cumulative preferred shares outstanding since X; each share is entitled to an annual dividend of $ per share and is convertible into five shares of common after June X

debentures amounting to $ were issued on JanuaryX On this issue date, the bonds were recorded at $ The debentures are convertible into shares per $ On JanuaryX similar bonds with no conversion options had a market yield of Interest is payable annually.

Outstanding options permitting the holder to buy common shares in X or later for $per share.

Assume that Hominem Inc. had a loss on discontinued operations of $after tax

Required:

Compute diluted EPS on continuing operations. Do not round intermediate calculations and round your answer to decimal places.