$17.$

Cullumber Co$.$ had $197000$ shares of common stock, $20200$ shares of convertible preferred stock, and $$1492000$ of $6\%$ convertible bonds outstanding during $2025.$ The preferred stock is convertible into $39400$ shares of common stock. During $2025,$ Cullumber paid dividends of $$0\mathrm{.}80$ per share on the common stock and $$3$ per share on the preferred stock. Each $$1000$ bond is convertible into $30$ shares of common stock. Cullumber's net income for $2025$ was $$610000$ and its income tax rate was $30\%.$

Basic earnings per share for $2025$ is

$$2\mathrm{.}50.$

$$2\mathrm{.}79.$

$$2\mathrm{.}31.$

$$2\mathrm{.}58.$

$$ Attempts: $0$ of $1$ used