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A company reports the following: Net income$150,000 Preferred dividends$10,000 Shares of common stock outstanding20,000 Market price per share of common stock$35.00 Determine the company's earnings

A company reports the following:

Net income$150,000

Preferred dividends$10,000

Shares of common stock outstanding20,000

Market price per share of common stock$35.00

Determine the company's earnings per share on common stock.

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