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A company reports the following: Net income Preferred dividends Shares of common stock outstanding $873,330 $64,690 56,000 $41.88 Market price per share of common

A company reports the following: Net income Preferred dividends Shares of common stock outstanding $873,330 $64,690 56,000 $41.88 Market price per share of common stock Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.

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