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A corporation has 3,000 shares, 10% preferred stock of $50 par preferred stock, and 6,000 shares of common stock outstanding. The net income for the

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A corporation has 3,000 shares, 10% preferred stock of $50 par preferred stock, and 6,000 shares of common stock outstanding. The net income for the year is $280,000. Calculate earnings per share. (Round your answer to the nearest cent.) A $50.00 B. $46.67 C. $44.17 D. $93.33

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