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A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $1,101,080 $81,560 59,000 $50.11

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A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $1,101,080 $81,560 59,000 $50.11 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent

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