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On January 2, 2022, North Co. issued at par 2,000,000 of 7% convertible bonds. Each 1,000 bond is convertible into 20 ordinary shares. No bonds

On January 2, 2022, North Co. issued at par 2,000,000 of 7% convertible bonds. Each 1,000 bond is convertible into 20 ordinary shares. No bonds were converted during 2022. North had 200,000 ordinary shares outstanding during 2022. Norths 2022 net income was 600,000 and the income tax rate was 30%. Norths diluted earnings per share for 2022 would be (rounded to the nearest penny): Group of answer choices 3.08 3.89 2.91 3.49 3.00

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