8. Earnings per Share (LO3, CFA3) Alphonse, Inc., has a return on equity of 12 percent, 28,000...

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8. Earnings per Share (LO3, CFA3) Alphonse, Inc., has a return on equity of 12 percent, 28,000 shares of stock outstanding, and a net income of $98,000. What are earnings per share?

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