Parsley Corporation had 180,000 shares of common stock and 4,300 shares of 9%, $100 par, preferred stock outstanding on December 31, 2015. The preferred stock is cumulative, nonconvertible preferred stock. On June 1, 2016, Parsley sold 29,000 shares of common stock for cash. No cash dividends were declared for 2016. Parsley reported a net loss of $313,000 for the year ended December 31, 2016.

Required:

Calculate Parsley's loss per share for the year ended December 31, 2016. (Round your answer to 2 decimal places.)