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Alphonse Inc. has a return on equity of 1 2 percent, 2 8 , 0 0 0 shares of stock outstanding, and a net income

Alphonse Inc. has a return on equity of 12 percent, 28,000 shares of stock outstanding, and a net income of $98,000. What are earnings per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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