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A company reports the following: Net income $900,070 Preferred dividends $66,670 Shares of common stock outstanding 60,000 Market price per share of common stock $40.28

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A company reports the following: Net income $900,070 Preferred dividends $66,670 Shares of common stock outstanding 60,000 Market price per share of common stock $40.28 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent

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