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Determine the earnings per share of common stock based on the following: Income before bond interest and income tax is $5,000,000 Common Stock outstanding 100,000

Determine the earnings per share of common stock based on the following: Income before bond interest and income tax is $5,000,000 Common Stock outstanding 100,000 Preferred Stock 10%, $40 par value is $8,000,000 The company's tax rate is 35%

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