West Co. had earnings per share of $15.00 for 2006 before considering the effects of any convertible securities. No conversion or exercise of convertible securities occurred during 2006. However, possible conversion of convertible bonds, not considered common stock equivalents, would have reduced earnings per share by $0.75. The effect of possible exercise of common stock options would have increased earnings per share by $0.10. What amount should West report as diluted earnings per share for 2006?
- $14.25
- $14.35
- $15.00
- $15.10