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A company reports the following: Net income $331,560 Preferred dividends $24,560 Shares of common stock outstanding 25,000 Market price per share of common stock $35.61

A company reports the following:

Net income $331,560
Preferred dividends $24,560
Shares of common stock outstanding 25,000
Market price per share of common stock $35.61

Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. $

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