Lerner co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $500,000 of 10% convertible bonds outstanding during 2015. the preferred stock is convertible into 40,000 shares of common stock. during 2015, lerner paid dividends of $.45 per share on the common stock and $1.50 per share on the preferred stock. each $1,000 bond is convertible into 45 shares of common stock. the net income for 2015 was $300,000 and the income tax rate was 30%.

diluted earnings per share for 2015 is (rounded to the nearest penny)?

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