Captionless Image $4.84. $4.38. $4.52. $4.29.Selected financial data for ABC Company is presented below.

For the year just ended ABC has net income of $5,300,000.

• $5,500,000 of 7% convertible bonds were issued in the prior year at a face value of $1,000. Each bond is convertible into 50 shares of common stock. No bonds were converted during the current year.

50,000 shares of 10% cumulative preferred stock, par value $100, were issued in the prior year. Preferred dividends were not declared in the current year, but were current at the end of the prior year.

• At the beginning of the current year 1,060,000 shares of common stock were outstanding.

On June 1 of the current year 60,000 shares of common stock were issued and sold. • ABC's average income tax rate is 40%.

ABC Company's basic earnings per share for the current fiscal year is: stP