Sandhill Corporation earned net income of $$310,000$ in $2023$ and had $100,000$ common shares outstanding throughout the year. Also outstanding all year was $$750,000$ of $10\%$ bonds that are convertible into $10,000$ common shares. Sandhill's tax rate is $30\%.$

Calculate Sandhill's $2023$ diluted earnings per share. For simplicity, ignore the IFRS requirement to record the debt and equity components of the bonds separately. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

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Diluted earnings per share