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Trusty Corp. has 20,000, 7% bonds, convertible into 30 shares per bond. Each bond has a par value of $1000. Trusty has 800,000 outstanding shares

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Trusty Corp. has 20,000, 7% bonds, convertible into 30 shares per bond. Each bond has a par value of $1000. Trusty has 800,000 outstanding shares paying a $0.50 annual dividend. Earnings were $750,000 after paying $250,000 in taxes. Compute the diluted EPS. A. $0.54 B. $0.94 C. $1.29 D. $1.71

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