On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 2018 Owl reported $600,000 net income, declared no dividends, had a 20% tax rate and 90,000 common shares outstanding all year. What is Owl’s 2018 diluted EPS?
