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A company reports the following: Net income $266,460 Preferred dividends $19,740 Shares of common stock outstanding 24,000 Market price per share of common stock $29.81

A company reports the following: Net income $266,460 Preferred dividends $19,740 Shares of common stock outstanding 24,000 Market price per share of common stock $29.81 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. $fill in the blank 1

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