2 During the current year, High Corporation had 3.9 million shares of common stock outstanding. $6,375,000 of 12% convertible bonds were issued at face amount at the beginning of the year. High reported income before tax of $4.9 million and net income of $3.9 million for the year. The bonds are convertible into 715,000 shares of common. What is diluted EPS (rounded)? 8 01:41:33 Multiple Choice O $0.98. $1.16. O O $1.96. $1.01