In 2020, Owl Co. had $900,000 net income with $100,000 declared common dividends, a 25% tax rate, and 200,000 common shares outstanding all year. On April 30, 2020, Owl issued its only dilutive security, $2,000,000, 6%, 9-year bonds at par, convertible to 60,000 common shares. What is Owl's 2020dilutedearnings per share?

Group of answer choices

$4.00

$3.81

$4.08

$3.58