Oriole Company had 196000 shares of common stock, 19200 shares of convertible preferred stock, and $605000 of 11% convertible bonds outstanding during 2021. The preferred stock is convertible...

Oriole Company had 196000 shares of common stock, 19200 shares of convertible preferred stock, and $605000 of 11% convertible bonds outstanding during 2021. The preferred stock is convertible into 40000 shares of common stock. During 2021, Oriole paid dividends of $0.54 per share on the common stock and $1.80 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2021 was $359000 and the income tax rate was 35%.


Diluted earnings per share for 2021 is (rounded to the nearest penny)