Question 8 of 14 View Policies Show Attempt History < Current Attempt in Progress * Your answer is incorrect. 0/2 Skysong Corporation earned net income of $561,700 in 2020 and had 116,000 shares of common stock outstanding throughout the year. Also outstanding all year was $750,000 of 5% bonds, which are convertible into 15,000 shares of common. Skysong's tax rate is 20 percent. Compute Skysong's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ 5.50 eTextbook and Media Solution Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 1 Attempts: 1 of 2 used Submit Answer