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 stock is cumulative, whether or not earned, and no preferred dividends are in arrears.

Green's 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 are

$8.87

$8.91

$8.96

$9.00