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Financial statement data for the last year indicated Dovetail Corporation had net income of $448,750; preferred dividends of $40,000; and an average number of common

Financial statement data for the last year indicated Dovetail Corporation had net income of $448,750; preferred dividends of $40,000; and an average number of common shares outstanding of 75,000 shares. What is the earnings per share?

$5.45

$5.98

$5.22

$5.55

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