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A company reports the following: Net income $698,070 Preferred dividends $51,710 Shares of common stock outstanding 52,000 Market price per share of common stock $36.05

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A company reports the following: Net income $698,070 Preferred dividends $51,710 Shares of common stock outstanding 52,000 Market price per share of common stock $36.05 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent

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