During the current year, High Corporation had 3 million shares of common stock outstanding. Five thousand $1,000, 4% convertible bonds were issued at face amount at the beginning of the year. High reported net income of $2.4 million for the year. Each bond is convertible into 40 shares of common. The tax rate is 40%. What is diluted EPS (rounded)? Multiple Choice $0.85 $0.86 $0.80 $0.79