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On January 2, 2018, Bramble Corp. issued at par $1940000 of 6% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock.

On January 2, 2018, Bramble Corp. issued at par $1940000 of 6% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during 2018. Bramble had 209000 shares of common stock outstanding during 2018. Brambles 2018 net income was $898000 and the income tax rate was 35%. Brambles diluted earnings per share for 2018 would be (rounded to the nearest penny):

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