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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 $360,560 $26,710 55,000 $17.60

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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 $360,560 $26,710 55,000 $17.60 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent

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