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Martinez Corporation had 2020 net income of $1.169,000. During 2020, Martinez paid a dividend of $2 per share on 87,850 shares of preferred stock.

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Martinez Corporation had 2020 net income of $1.169,000. During 2020, Martinez paid a dividend of $2 per share on 87,850 shares of preferred stock. During 2020, Martinez had outstanding 301,000 shares of common stock Compute Martinez's 2020 earnings per share. (Round answer to 2 decimal places eg 35

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