Handy Hanson Inc. (HHI), a publicly traded company, has a December31 year end. Select information for the current year (20X6) is as follows:

• After-tax profit for the year was $535,000.
• HHI's 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 Hanson's diluted earnings per share on December31, 20X6?

Options:

$4.67

$4.83

$4.90

$5.13