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5. Company E has its common stock selling for $38 a share, there is $2.20 million of net income, $200,000 of preferred stock dividends and

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5. Company E has its common stock selling for $38 a share, there is $2.20 million of net income, $200,000 of preferred stock dividends and 1 million shares outstanding. Calculate the Earnings Per Share and Price Earnings ratio. Verify that the Earnings Per Share (EPS) and Price Earnings Ratio (P/E Ratio) is correct

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