QUESTION $56$

On Janu$$ry $2,2025,$ Perez Co$.$ issued at par $$10,000$ of $6\%$ bonds convertible in total into $1,000$ shares of

Perez's common stock. No bonds were converted during $2025.$ Throughout $2025,$ Perez had $1,000$ shares

of common stock outstanding. Perez's $2025$ net income was $$4,500,$ and its income tax rate is $30\%.$ No

potentially dilutive securities other than the convertible bonds were outstanding during $2025.$ Perez's

diluted earnings per share for $2025($rounded to the nearest penny$)$ was

$$2\mathrm{.}55.$

$$4\mathrm{.}92.$

$$2\mathrm{.}46.$

$$2\mathrm{.}25.$