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Assume that the following data relative to Eddy Company for 2013 is available: Net Income:...

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Accounting

Assume that the following data relative to Eddy Company for 2013 is available: Net Income: $2,100,000; 1,320,000 shares of common shares outstanding for the whole year. 8% Cumulative Convertible Preferred Stock: $1,000,000, convertible into 200,000 shares of common stock. Stock Options: exercisable to 60,000 shares of common stock at the price of $25 per share. Average market price in 2013, $30. What will Eddy report as diluted earnings per share for 2013?

A. $1.37

B.$1.53

C. $1.62

D.$1.85

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