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A company reports the following: Net income Preferred dividends $363,230 $26,910 32,000 Shares of common stock outstanding Market price per share of common stock $30.48

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A company reports the following: Net income Preferred dividends $363,230 $26,910 32,000 Shares of common stock outstanding Market price per share of common stock $30.48 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent

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