During the current year, East Corporation had 2 million shares of common stock outstanding. 3,100, $1,000, 5% convertible bonds were issued at face amount at the beginning of the year. East reported income before tax of $5 million and net income of $3.0 million for the year. Each bond is convertible into 10 shares of common stock. What is diluted EPS? (Round your answer to 2 decimal places. Do not round your intermediate calculations.)

	$1.50.
	$1.52.
	$1.55.
	$1.48