The information below pertains to Blue Company for $2026.$

Net income for the year

$7\%$ convertible bonds issued at par $($ $$1,000$ per bond$)$; each bond is convertible into $30$ shares of common stock

$6\%$ convertible, cumulative preferred stock, $$100$ par value; each share is convertible into $3$ shares of common stock

Common stock, $$10$ par value

Tax rate for $2026$

There were no changes during $2026$ in the number of common shares, preferred shares, or convertible bonds outstanding. There is no

treasury stock. The company also has common stock options $($granted in a prior year$)$ to purchase $75,300$ shares of common stock at

$$20$ per share.

b$.$ Compute diluted earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Diluted earnings per share $