O out of 15 points Quiz Company had 4 million shares of its $1 par value common stock outstanding on January 1, 2020. On June 30, 2020, the company purchased 2 million shares of the outstanding common stock as treasury stock. Throughout the year, Quiz company also had 100,000 shares of 5%, 100 par value preferred stock outstanding Each share of the preferred stock is convertible into one share of common stock. On December 31, 2020, 1.5 million options were outstanding. The options vested in 2018. Each option allowed the holder to purchase one share of common stock at a price of $10 per share. The company's average stock price during 2020 was $30 per share. Quiz Company also had $80 million of 5% convertible bonds outstanding. The bonds had issued at face value and were convertible into 1.28 million shares of common stock. Quiz Company reported net income of $12.5 million for the year ended December 31, 2020. The company's tax rate was 20%. Determine diluted EPS for 2020. Note: Use dollar signs and round your answer to the nearest cent. Example: $1.23