During the current year, Green Corp. had the following two classes of stock issued and outstanding for the entire year:

100,000 shares of common stock, $1 par.

1,000 shares of 4% preferred stock, $100 par, convertible share for share into common stock.

The preferred stock is cumulative and no preferred dividends are in arrears. Greens current-year net income was $900,000, and its income tax rate for the year was 30%. Diluted earnings per share for the current year is:

		$9.00
		$8.96
		$8.91
		$8.87
		I do not know