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A corporation has 3,000 shares, 10% preferred stock of S50 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the

A corporation has 3,000 shares, 10% preferred stock of S50 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $260,000. Calculate earnings per share. (Round your answer to the nearest cent.) OA. $86.67 OB. S30.63 O c. $50.00 O D. S32.50

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