On January 2, 2008, Ramos Co

On January 2, 2008, Ramos Co. issued at par $10,000 of 6% bonds convertible in total into 1,000 shares of Ramos's common stock. No bonds were converted during 2008. Throughout 2008, Ramos had 1,000 shares of common stock outstanding. Ramos's 2008 net income was $3,000, and its income tax rate is 30%. No potentially dilutive securities other than the convertible bonds were outstanding during 2008. Ramos's diluted earnings per share for 2008 would be (rounded to the nearest penny)

A) $1.50.
B) $1.71.
C) $1.80.
D) $3.42.