Handy Hanson Inc. (HHI), a publicly traded company, has a December 31 year end. Select information for the current year (20X6) is as follows:

After-tax profit for the year was $535,000.

HHIs corporate tax rate is 30%.

HHI had 100,000 common shares outstanding during the year.

HHI had $3,100,000 in 10% convertible bonds, issued at face value. Each $1,000 bond is convertible into 15 common shares.

HHI had $900,000, 5% cumulative preference shares.

No dividends were declared or paid in the year.

What is Hansons diluted earnings per share on December 31, 20X6?