Coral Co has net profit for the year ended 30 September 20X5 of $10,500,000. Coral has had 6 million shares in issue for many years. In the current year, Coral has issued a convertible bond. It was issued at its nominal value of $2,500,000, and carries an effective interest rate of 8%. The bond is convertible in five years, with 50 shares issued for every $100 nominal of convertible bond held. Coral Co pays tax at a rate of 28% What is the Diluted Earnings Per Share figure to be disclosed in Coral Co's financial statements for the year ended 30 September 20X5? a. $1.48 b. $1.77 c. $1.75 d. $1.47 7:50 PM