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A company reports the following: Net income $450,480 Preferred dividends $33,370 Shares of common stock outstanding 53,000 Market price per share of common stock $22.82

A company reports the following:

Net income $450,480
Preferred dividends $33,370
Shares of common stock outstanding 53,000
Market price per share of common stock $22.82

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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