Concord Corporation earned net income of $523,200 in 2020 and had 113,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5% bonds, which are convertible into 19,000 shares of common. Concord's tax rate is 20 percent. Compute Concord's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $