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8. General Motors has 400,000 shares of common stock outstanding, net income after tax of $1.2 million, retained earnings of $17 million, and total equity

8. General Motors has 400,000 shares of common stock outstanding, net income after tax of $1.2 million, retained earnings of $17 million, and total equity of $35 million. What is GM's earnings per share? a. $3.00 b. $4.00 c. $4.25 d. $8.75 e. $13.50

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