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A company reports the following: Net income $150,000 Preferred dividends $ 10,000 Shares of common stock outstanding 20,000 Market price per share of common stock

A company reports the following: Net income $150,000 Preferred dividends $ 10,000 Shares of common stock outstanding 20,000 Market price per share of common stock $35.00 Determine the companys earnings per share on common stock. Select one: a. $7.50 b. $7.00 c. $8.00 d. $35.00

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