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Prompt Co. is calculating earnings per share amounts for inclusion in the annual report to shareholders.Prompt has obtained the following information from the controller's office

Prompt Co. is calculating earnings per share amounts for inclusion in the annual report to shareholders. Prompt has obtained the following information from the controller's office as well as shareholder services:

Net income from January 1 to December 31 $110,000

Corporate tax rate 30%

Number of outstanding shares:

January 1 to April 30 12,000

May 1 to July 31 10,000

August 1 to December 31 12,000

In addition, Prompt has $1,000,000 face value 10-year convertible bonds outstanding on January 1. The bonds were issued three years ago at a discount, which is amortizing in the amount of $7,000 per year. The stated interest rate on the bonds is 8%, and the bonds were issued with a yield of 9%. Each $1,000 bond is convertible into 30 Prompt shares.

Assuming the bonds are anti-dilutive securities, what is Prompt's diluted earnings per share amount for the year ended December 31?

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