Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during all of 2019. it also has 2 convertible securities eutstanding at the end of 2019 . Thece arai 1. Convertible preferred stock: 1,000 shares of 9%, $100 par, preferred stock were issued in 2015 for $140 per share. Each share of preferred atock ia canvertible im 3.5 shares of common stock. The current dividends have been paid. To date, no preferred stock has been converted. 2. Convertible bonds: Bonds with a face value of $100,000 and an interest rate of common stock. To date, no bonds have been converted. Percy earned net income of $54,000 during 2019. Its income tax rate is 30%. Required: a. Compute the 2019 diluted earnings per share. Round your answer to two decimal places. $ per share