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A corporation has 2,000 shares of RM50 par, 10% preferred stock, and 6,000 shares of common stock outstanding. The net income for the year is

A corporation has 2,000 shares of RM50 par, 10% preferred stock, and 6,000 shares of common stock outstanding. The net income for the year is RM250,000. The earnings per share of common stock would be: RM10.83. RM31.25. RM40.00. RM41.67

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