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A company reports the following: Net income $562,040 Preferred dividends $41,630 Shares of common stock outstanding 33,000 Market price per share of common stock $45.73

A company reports the following:

Net income $562,040
Preferred dividends $41,630
Shares of common stock outstanding 33,000
Market price per share of common stock $45.73

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

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