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10 Global Financial currently has 8 million common shares outstanding. Over the last three years, the company experienced a substantial sell-off of shares as

10 Global Financial currently has 8 million common shares outstanding. Over the last three years, the company experienced a substantial sell-off of shares as the earnings per common share fell and the market value of the stock plummeted. Net profit last year amounted to $105 million, down for the second straight year. The company also paid $47 million in preferred dividends and had $650 million in common equity. What is Global's earnings per common share?

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