Question: Question 3 3 points Save Al A company has the following capital structure: . Preferred stock has a $30 par value, with 500 shares outstanding

Question 3 3 points Save Al A company has the following capital structure: . Preferred stock has a $30 par value, with 500 shares outstanding . Common stock has $10 par value with 6,000 shares outstanding at the beginning of the year and 4,750 at the end of the year. Assume (1) preferred stock is convertible into a total of 900 shares of common stock and (2) the company has no stock options or warrants outstanding. . The company reported $11,250 in net income, $650 in preferred stock dividends, and $1,850 in common stock dividends. What is the company's diluted earnings per share? Enter your answer as a number with two decimal places of precision but with NO currency sign or commas. (le 1.45)

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