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Crane corporation earned net income of $ 2 7 5 , 5 0 0 in 2 0 2 3 and had 9 5 , 0

Crane corporation earned net income of $275,500 in 2023 and had 95,000 common shares outstanding throughout the year. Also outstanding all year was $710,000 of 10% bonds that are convertible into 9,500 common shares. crane's tax rate is 30%.
Calculate crane's 2023 diluted earnings per share. Ignore IFRS req to record the debt and equity components of the bond separtely.

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