(c) Assume the same facts as assumed for part (a), except that 25 of the 75 bonds were actually converted on July 1, 2014. (Round answer to 2 decimal places, e.g. $2.55.) In 2013, Chirac Enterprises issued, at par, 75 $1,050, 7% bonds, each convertible into 130 shares of common stock. Chirac had revenues of $19,200 and expenses other than interest and taxes of $8,790 for 2014. (Assume that the tax rate is 40%.) Throughout 2014, 3,020 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2014. (Round answer to 2 decimal places, e.g. $2.55.)

b) Assume the same facts as those assumed for part (a), except that the 75 bonds were issued on September 1, 2014 (rather than in 2013), and none have been converted or redeemed. (Round answer to 2 decimal places, e.g. $2.55.)