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Oriole Company had 201000 shares of common stock, 19800 shares of convertible preferred stock, and $591000 of 9% convertible bonds outstanding during 2021. The preferred
Oriole Company had 201000 shares of common stock, 19800 shares of convertible preferred stock, and $591000 of 9% convertible bonds outstanding during 2021. The preferred stock is convertible into 40400 shares of common stock. During 2021, Oriole paid dividends of $0.54 per share on the common stock and $1.70 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2021 was $363000 and the income tax rate was 30%.
Basic earnings per share for 2021 is (rounded to the nearest penny)?
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