9% bonds due December 31, 2022 Maturity value: 160 million

10 year bonds issued when the market rate was 9.6%. Interest is payable semi annually on June 30 and December 31. Each $1000 bond is convertible into common stock at a price of $85/share. No conversions took place during the year.

Given the above information, determine the incremental per share effect if the security is exercised or converted.