Fox Corp.'s capital structure was as follows: December 31 20x8 20x7 Outstanding shares of stock Common 10,000 110, Convertible preferred 10,000 10,000 8% convertible bonds $1,000,000 $1,000,000 per share onits preferred stock. During 20x8, Fox paid dividends of $5.00 The preferred shares are convertible into 10,000 shares of common stock. The 8% bonds are convertible into 30,000 shares of common stock. Net income for 20x8 is $850,000. Assume that the income tax rate is 30%. The diluted earnings per share for 20x8 is: O $5.81 $5.66 O $6.41 O $6.47