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Culver Corporation earned net income of $ 3 6 3 , 6 0 0 in 2 0 2 0 and had 1 0 0 ,

Culver Corporation earned net income of $
3
6
3
,
6
0
0
in
2
0
2
0
and had
1
0
0
,
0
0
0
shares of common stock outstanding throughout the year. Also outstanding all year was $
8
0
0
,
0
0
0
of
5
%
bonds, which are convertible into
1
7
,
0
0
0
shares of common. Culver's tax rate is
2
0
percent. Compute Culver's
2
0
2
0
diluted earnings per share.
(
Round answer to
2
decimal places, e
.
g
.
3
.
5
5
.
)
Diluted earnings per share $
*
*
*
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