Tamarisk Corporation earned net income of $401,550 in 2020 and had 95,000 shares of common stock outstanding throughout the year. Also outstanding all year was $850,000 of 5% bonds, which are convertible into 16,000 shares of common. Tamarisk's tax rate is 30 percent. Compute Tamarisk's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $