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Brief Exercise 16-12 Rockland Corporation earned net income of $300,000 in 2014 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 10% bonds, which are convertible into 16,000 shares of common. Rockland's tax rate is 40 percent. Compute Rockland's 2014 diluted earnings per share. (Round answer to 2 decimal places, e.g. $3.55.) $ Diluted earnings per share Don't show me this message again for the assignment