Oriole Corporation reported net income of $359,700 in 2020 and had 54,800 shares of common stock outstanding throughout the year. Also outstanding all year were 5,300 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Oriole's tax rate is 40%. Compute Oriole's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $