For the year ended 31 December 2019, Spring Co had net profit of 500,000. The company had an average of 400,000 ordinary shares outstanding, in addition the company has one potentially convertible security: 800,000 of 5% convertible bonds, convertible into a total of 100,000 shares. The tax rate is 25%. Calculate the basic EPS.

Group of answer choices

1.15

0.625

1.25

1.00