The following information relates to MY Traders for the year ended

$2009$:

Net income $=$$$3,540,000$

$10\%$ preferred stock $=$$$1,000,000$

Dividends paid to common shareholders $=$$$45,000$

Weighted average number of common shares outstanding $=$

$3,000,000$

The company also has $$200,000$ par of $12\%$ convertible bonds

outstanding, which are convertible into $10,000$ shares of common

stock.

Given that MY Traders pays taxes at the rate of $35\%,$ its basic and

diluted earnings per share are closest to:

Row C

Row A

Row B