$24.$

On January $2,2025.$ Cullumber Co$,$ issued at par $$1920000$ of $5\%$ convertible bonds. Each $$1000$ bond is convertible into $10$ shares of common stock. No bonds were converted during $2025.$ Cullumber had $206000$ shares of common stock oltstanding during $2025.$ Cullumber's $2025$ net income was $$904000$ and its income tax rate was $30\%.$ Cullumber's diluted earning per share for $2025$ was

$$4\mathrm{.}31$

$$4\mathrm{.}39$

$$4\mathrm{.}75$

$$4\mathrm{.}45$