On January $2,2024,$ Larocque Company issued at face value $$27,000$ of $2\%$ bonds convertible in total into $2,400$ shares of Larocque's common stock. No bonds were converted durring $2024.$ Throughout $2024,$ Larocque had $2,400$ shares of common stock outstanding. Larocque's $2024$ net income was $$9,000.$ Larocque's income tax rate is $25\%.$

No potential common shares other than the convertible bonds were outstanding during $2024.$

Larocque's diluted earnings per share for $2024$ would be:

Multiple Choice

$$1\mathrm{.}88.$

$$1\mathrm{.}96.$

$$1\mathrm{.}99.$

$$3\mathrm{.}75.$