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Rockland Corporation earned net income of $300,000in 2014 and had100,000shares of common stock outstanding throughout the year. Also outstanding all year was $800,000of 10% bonds,

Rockland Corporation earned net income of $300,000in 2014 and had100,000shares of common stock outstanding throughout the year. Also outstanding all year was $800,000of 10% bonds, which are convertible into16,000shares of common. Rocklands tax rate is40percent.

Compute Rocklands 2014 diluted earnings per share.(Round answer to 2 decimal places, e.g. $3.55.)

Diluted earnings per share
$

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