FM UlyYUMU During 2018, Votto Inc. had 600,000 shares of common stock and 60,000 shares of 10% cumulative preferred stock outstanding. The preferred stock has a par value of $50 per share. Votto did not declare or pay any dividends during 2018. Votto's net income for the year ended December 31, 2018, was $3.0 million. Votto granted 150,000 stock options to its executives on January 1, 2017. Each option gives its holder the right to buy 1 share of common stock at an exercise price of $50 per share. The options vest after one year. The market price of the common stock averaged $75 per share during 2018. What is Votto's diluted earnings per share for 2018, rounded to the nearest two decimal points? $3.50 $4.50 $4.15 $3.60 Previous Next