QUESTION 12 The following financial information is available at the end of the year. Share Information: Security Authorized Issued & outstanding Other features Common stock 500,000 250,000 Preferred stock, series 50,000 A 15,000 Currently pays a dividend of $1 per share. Nonconvertible, cumulative; pays a dividend of $5 per share. Preferred stock, series 50,000 B 40,000 Convertible; pays a dividend of $8.50 per share. Each share is convertible into 2.5 common shares Additional Information: Retained earnings at start of year = $6,000,000 and Reported income for the year $1,250,000 The diluted EPS is closest to: O A. $2.91. OB. $2.39. C. $2.61 OD 2.19