Jameson Co. had 325,000 shares of common stock, 15,000 shares of convertible non cumulative preferred stock, and $2,000,000 of 5% convertible bonds outstanding for the entire year during 2022. The preferred stock is convertible into 36,000 shares of common stock. During 2022, Jameson declared dividends of $0.85 per share on the common stock and $5 per share on the preferred stock. Each $1,000 bond is convertible into 25 shares of common stock. The net income for 2022 was $1,500,000 and the income tax rate was 30%.

Basic earnings per share for 2022 is (rounded to the nearest penny)

The correct answer should be $4.41!