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On January 2, 2013, Interval Co. issued at par $1,000,000 of 10% convertible bonds. Each $1,000 bond is convertible into 20 shares of common stock. No bonds were converted during 2013. Interval had 200,000 shares of common stock outstanding during 2013. Interval's 2013 net income was $300,000 and the income tax rate was 30%. Interval's diluted earnings per share for 2013 would be (rounded to the nearest penny)

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