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Grant Inc has 700, 000 shares of common stock outstanding throughout 2017. It also has 8,000 , 10 year % issued at par in 2017.

Grant Inc has 700, 000 shares of common stock outstanding throughout 2017. It also has 8,000 , 10 year % issued at par in 2017. Each $1,000 bond is convertible Into shares of common stock. During 2017 it earned a net income of $1,000,000. The tax rate was 20%. What should be the diluted per share reported the financial statements for the year ended December 31, 2017, rounded to two decimal points

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