Rudyard Corporation had 130,000 shares of common stock and 13,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $430,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%. What is Rudyard's basic EPS?   Multiple Choice   $2.51.   $2.28.   $4.11.   $3.31.

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