15. GB Logistics Inc. reported $3,000,000 net income available to common shareholders in 2020. The company has $1,000,000 par value convertible bonds outstanding all year. The convertible bonds have a 10% coupon rate. Each $1,000 par value convertible bond can be converted to 200 common shares. The company has 1,000,000 common stock outstanding all year. The corporate tax rate is 20%. Calculate the company's fully diluted EPS in 2020.

a. 2.57 per share b. 0.40 per share c. 3.00 per share