BACK NEXT Question 9 Concord Corporation reported net income of $259,140 in 2017 and had 52,100 shares of common stock outstanding throughout the year. Also outstanding all year were 4,800 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $per share. Concord's tax rate is 40%. Compute Concord's 2017 diluted earnings per share. (Round answer to 2 decimal places Diluted earnings per share