At December 31, 2019, Felix Ltd. had 500,000 common shares outstanding (no preferred shares issued). On October 1, 2020, an additional 100,000 common shares were issued. In addition, Felix had $ 5,000,000, 6% convertible bonds outstanding at December 31, 2019, which are convertible into 225,000 common shares; however, no bonds were converted during 2020. Net income for calendar 2020 was $ 1,500,000. Assuming the income tax rate was 30%, the diluted earnings per share for 2020 would be a. $ 3.26. b. $ 2.00. c. $ 2.28. d. $ 2.40.