Rudyard Corporation had 250,000 shares of common stock and 25,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $700,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%.   Each share of preferred stock is convertible into four shares of common stock. What is Rudyard's diluted EPS (rounded)?

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Q: HAD

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