The following information is for Trotters Diversified as of year-end: Average common shares outstanding of 5.0 million. Average market price for common stock of $35.00 per share. Net income of $9.0 million. Common stock dividends paid of $1.2 million. Tax rate of 40%. 500,000 shares of cumulative convertible preferred stock with $30 par value and 10% dividend. Each preferred share is convertible into 5 common shares. Preferred dividends of $1.5 million were paid. 10,000 convertible $1,000 par bonds with a 6.0% coupon, each convertible into 8 shares of common stock. 400,000 stock options with an exercise price of $32.00 per share. All of these securities were outstanding for the full year. Diluted EPS for Trotters Diversified is closest to: A) $1.19. B) $1.23. C) $1.50