Oriole Corporation earned net income of $ 220,000 in 2020 and had 93,000 common shares outstanding throughout the year. Also outstanding all year was $ 850,000 of 10% bonds that are convertible into 30,000 common shares. Orioles tax rate is 35%. Calculate Orioles 2020 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. 15.25.)

Diluted earnings per share

$ enter Diluted earnings per share in dollars rounded to 2 decimal places