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Gamma Company's capital consists of 8 , 4 0 0 shares of $ 3 0 par 5 . 5 % preferred stock and 3 5

Gamma Company's capital consists of 8,400 shares of $30 par 5.5% preferred stock and
35,000 shares of no-par common stock. The board of directors declared a dividend of
$65,000.
What is the dividend per share for common stock?
(Enter your answer in dollar and cents - only two places past the decimal)
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