Oriole Corporation earned net income of $$235,000$ in $2023$ and had $100,000$ common shares outstanding

throughout the year. Also outstanding all year was $$850,000$ of $10\%$ bonds that are convertible into $10,000$

common shares. Oriole's tax rate is $35\%.$

Calculate Oriole's $2023$ diluted earnings per share. For simplicity, ignore the IFRS requirement to record the

debt and equity components of the bonds separately. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$