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#27 A company reports the following: Net income $324,560 Preferred dividends $24,040 Shares of common stock outstanding 44,000 Market price per share of common stock

#27

A company reports the following:

Net income $324,560
Preferred dividends $24,040
Shares of common stock outstanding 44,000
Market price per share of common stock $19.81

Calculate the companys earnings per share on common stock. Round your answer to the nearest cent. $

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