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A business reports the following: Net income $160,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock $35

A business reports the following:

Net income

$160,000

Preferred dividends

$10,000

Shares of common stock outstanding

20,000

Market price per share of common stock

$35

What is the company's earnings per share on common stock?

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