Problem: Diluted EPS - Robinson Inc. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $600,000 of 10% convertible bonds outstanding during 2021. The preferred stock is convertible into 40,000 shares of common stock. The convertible bonds had been issued at face value. During 2021, Robinson paid dividends of $.55 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 $360,000 and the income tax rate was 30%. Diluted earnings per share for 2021 is (rounded to the nearest penny)?