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Earnings Per Share Calculation : A publicly traded company reported a net income of $2,000,000 and paid preferred dividends of $100,000. The company has 500,000

Earnings Per Share Calculation: A publicly traded company reported a net income of $2,000,000 and paid preferred dividends of $100,000. The company has 500,000 common shares outstanding. Calculate the basic earnings per share (EPS) for the company.

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