A Corporation has net income of $280,000 for the year ended December 31 and common shares outstanding of 100,000. The company did not issue/repurchase additional common shares. It had a convertible bond issue, outstanding the entire year, of 1,000 bonds in $1,000 denominations paying 3% interest. Each bond is convertible into 30 shares of stock. The current tax rate applicable to Complex Corporation is 30%. What is the diluted earnings per share for the year ended?