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please answer asap for a good rating Last year. Wahlen Corporation reported basic and diluted EPS in an amount less than basic EPS due to

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Last year. Wahlen Corporation reported basic and diluted EPS in an amount less than basic EPS due to outstanding stock options. Those options were exercised on January 1 of the current year. During the current year. Wahlen Corporation had 4.0 million shares of common stock outstanding. Two thousand four hundred 12% convertible bonds, each with $1,000 face value, were issued at face amount at the beginning of the year. Wahlen reported net income of $2.4 million for the year. Each bond is convertible into 10 shares of common stock. The tax rate is 25\%. What is diluted EPS (rounded)? Note: Round your answer to 2 decimal places. Multiple Choice $0.53 $0.60 $0.67

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