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A company reports the following: Net income $584,630 Preferred dividends $43,310 Shares of common stock outstanding 39,000 Market price per share of common stock $40.25

A company reports the following: Net income $584,630 Preferred dividends $43,310 Shares of common stock outstanding 39,000 Market price per share of common stock $40.25 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent

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