during 20x2, anemo corporation had 900,000 shares of common stock and 50,000 shares of 6% preferred stock outstanding. the preferred stock does not have cumulative or convertible features. angel declared and paid cash dividends of $300,000 and $150,000 to common and preferred shareholders, respectively, during 20x2. on january 1, 20x1, anemo issued $2,000,000 of convertible 5% bonds at face value. each $1,000 bond is convertible into five common shares. angel's net income for the year ended december 31, 20x2, was $6 million. the income tax rate is 20%. what is anemo's basic earnings per share for 20x2, rounded to the nearest cent?
