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Best Corporations net income in 2017 was $1,295,000. The company had 500,000 shares of common stock outstanding and 90,000 shares of preferred stock outstanding. No
Best Corporations net income in 2017 was $1,295,000. The company had 500,000 shares of common stock outstanding and 90,000 shares of preferred stock outstanding. No shares were issued or repurchased during the year. The company paid dividends of $0.70 per share on the common stock and $0.80 per share on the preferred stock. How much profit did Best generate for each share of outstanding common stock in 2017? Group of answer choices $1.15 $2.45 $2.59 $2.19
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