$On$ January $2,2023,$ Cheyenne $Ltd.$ issued $at$ par $$309000,9\%$ convertible bonds. Each $$1000$ bond $is$ convertible into $30$ shares. $No$

bonds were converted during $2023.$ There were $54000$ common shares outstanding during $2023(no$ preferred shares issued$).$

Cheyenne's $2023$ net income was $$176670$ and its income tax rate was $30\%.$ Cheyenne's diluted earnings per share for $2023is$

$$3\mathrm{.}26.$

$$2\mathrm{.}79.$

$$3\mathrm{.}63.$

$$3\mathrm{.}10.$