Monty Corporation earned net income of $250,000 in 2017 and had 94,000 shares of common stock outstanding throughout the year. Also outstanding all year was $730,000 of 9% bonds, which are convertible into 16,000 shares of common. Montys tax rate is 40 percent. Compute Montys 2017 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.)

Diluted earnings per share?