Ivanhoe Corporation earned net income of $ 340,000 in 2020 and had 89,000 common shares outstanding throughout the year. Also outstanding all year was $ 840,000 of 10% bonds that are convertible into 19,000 common shares. Ivanhoe's tax rate is 25%. Calculate Ivanhoe's 2020 diluted earnings per share. For simplicity, ignore the IFRS requirement to record the debt and equity components of the bonds separately. (Round answer to 2 decimal places, eg. 15.25.) $ Diluted earnings per share