An analyst collects the following data for a company's fiscal year ended December 31:
Net income: €3,000,000
Common shares outstanding on January 1: 3,500,000
Common shares issued on April 1: 1,000,000
Common shares outstanding on December 31: 4,500,000
Convertible preferred shares outstanding: 400,000
Convertible preferred dividend per share: €1.00
Each convertible preferred share is convertible into two common shares. Assuming no other potentially dilutive securities are outstanding, the reported diluted earnings per share (EPS) is closest to:
