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Alphonse, Inc., has a return on equity of 12 percent, 64,000 shares of stock outstanding, and a net income of $168,000. What are earnings per

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Alphonse, Inc., has a return on equity of 12 percent, 64,000 shares of stock outstanding, and a net income of $168,000. What are earnings per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EPS

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