Sheridan Corporation earned net income of $341,250 in 2020 and had 105,000 common shares outstanding throughout the year. Also outstanding all year was $870,000 of 10% bonds that are convertible into 10,500 common shares. Sheridans tax rate is 45%. Calculate Sheridans 2020 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. 15.25.)